by Matthew Russell Lee, Patreon Book Substack
SOUTH BRONX NY, Dec 1 – The long delayed small business data reporting provision of the Dodd Frank Act is in play again in Congress.
This while Bank of America was just outed and fined for gaming the Home Mortgage Disclosure Act for four years or more, and fined for it.
On November 28 the House Rules Committee held a hearing to move forward S.J.Res. 32, targeting the CFPB's rule.
Pennsylvania Rep. Scanlon pointed out at the COVID PPP loan program went in the first instance to the "concierge" clients of big banks. (There was also much related fraud, which Inner City Press reported on daily in the SDNY and other Federal courts).
New Mexico Rep. Leger Fernandez pointed out the lack of access to capital in rural area.
S.J.Res. 32 is slated to come up on the House floor, like George Santos, this week. NCRC resources here; Inner City Press will stay on this - and on Bank of America and its kin.
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