The Consumer Financial Protection Bureau (CFPB) has finalized a rule that scraps diversity, equity, and inclusion (DEI) requirements and other burdensome regulations that affect small business lending, saving more than $166 million annually.
“This is a long-awaited win for both borrowers and small businesses. Annual savings from replacing the Biden-Harris rule will exceed an estimated $166 million annually,” Acting CFPB Director Russ Vought said in a statement to Breitbart News. “These reforms not only make borrowing more affordable for America’s small businesses, including our farmers, but minimize burdens on those needing quick access to…
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