Senate Fails To Override President’s Veto Of Small Business Data Lending Rule Resolution

The Senate failed to override President Biden’s veto of the joint Congressional resolution of disapproval of the CFPB’s Section 1071 rule (“Rule”). The Rule, known as 1071 for its section in the DoddFrank Act, is currently on hold pending the outcome of a Supreme Court case challenging the constitutionality of the CFPB’s funding based on decisions in Texas and Kentucky. Read More