THIS WEEK (Sept. 11): CFPB comments due, hearing on Fed regulation/monetary policy roles

Comments about an extension of time to collect information about the small business lending market are due Thursday (Sept. 14) to the CFPB. In May, the bureau issued a request for information about small business lending – with comments due July 14 — and received a letter signed by 13 industry trade groups seeking 60 more days to make comments. The groups said that they needed the time to develop “meaningful responses” to the bureau’s information request. CFPB said, in seeking the comments about the extension, that it believes 60 more days “will allow all stakeholders the opportunity to provide more robust responses that will further develop the Bureau’s understanding of the small business lending market” … “Examining the Relationship Between Prudential Regulations and Monetary Policy at the Federal Reserve” is the subject for a Tuesday (Sept. 12) hearing joint hearing by two House Financial Services Committee sub panels. The financial institutions and consumer credit and monetary policy and trade subcommittees will host the hearing beginning at 2:30 p.m. According to the committee, the hearing is intended to examine whether the Fed’s responsibilities of conducting monetary policy and examining, supervising and regulating banks and other financial firms “complement or conflict with each other, and how they might be organized more effectively”