The U.S. Treasury Department announced it will not enforce a Biden-era small business rule intended to curb money laundering and shell company formation. In a Sunday evening announcement, Treasury ...
The Associated Press on MSN
Treasury ends enforcement of business ownership database meant to stop shell company formation
WASHINGTON (AP) — The U.S. Treasury Department announced it will not enforce a Biden-era small business rule intended to curb ...
The decision is a win—for now, at least—for banking groups that claimed the additional red tape imposed by the rule would have a chilling effect on access to capital. The rule was seen as a hot-button ...
WASHINGTON (AP) — Treasury Secretary Janet Yellen is announcing that 100,000 businesses have joined a new database that collects “beneficial ownership” information on firms as part of a new government ...
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In a pivotal development, the U.S Court of Appeals for the Fifth Circuit has stayed enforcement of the Consumer Financial Protection Bureau’s (CFPB) Small Business Lending Rule — also known as Section ...
Consumer advocates led by Rise Economy have sued the Consumer Financial Protection Bureau for the second time for failing to implement the small-business data collection rule mandated by Congress 15 ...
The rule would require banks to gather demographic data on all small-business loans. The 'new normal' for pay raises comes into focus Lenders worry about rent control after agency's tenant-protection ...
"Requiring lenders to provide this information infringes on small-business owners' right to privacy about their personal and business information when applying for credit," Rep. Roger Williams, ...
To continue reading this content, please enable JavaScript in your browser settings and refresh this page. Preview this article 1 min The rule would require banks to ...
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