ABA Calls CFPB on Mission Creep Toward Small Business
ABA tells the CFPB that it noticed when the bureau appeared to try to slip into a question in its consumer complaint portal that it intended to permit the responder to "identify themselves as submitting a complaint on behalf of a small business." ABA points out that the bureau's mission is limited to consumers, and that responsibility for regulating small business products lies with the prudential bank regulators. [9/15/17]