Alert March 06, 2012

CFPB Convenes Small Business Panel

The CFPB formed a Small Business Review Panel in order to solicit feedback from small businesses that make mortgage loans and conduct mortgage closings.  The CFPB will provide several documents to the Small Business Review Panel, including: (1) a Fact Sheet on the Small Business Review Panel Process, which includes information on the selection process and how the panel will use information provided by small businesses; (2) an outline of proposals under consideration and their impact on small businesses; and (3) a list of questions and issues on which the CFPB seeks input. Click here for the Fact Sheet, here for the outline of proposals, here for a list of the questions, and here for the press release.