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Brown to Obama: Get cracking on Title XII’s small-dollar provisions
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Banking, Consumer Protection, Legislation
Tuesday, January 12, 2016
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In a letter to President Barack Obama, Sen. Sherrod Brown (D-Ohio) has asked that funding in the fiscal year (FY) 2017 budget be prioritized for implementing Sections 1204, 1205 and 1206 of the Dodd-Frank Act, which are part of the Improving Access to Mainstream Financial Institutions Act. Small-dollar lending and access-to-credit have been highly contentious talking points among regulators and industry members. Read on for more details.
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