The U.S. Treasury Department announced it will not enforce a Biden-era small business rule intended to curb money laundering and shell company formation. In a Sunday evening announcement, Treasury ...

WASHINGTON (AP) — The U.S. Treasury Department announced it will not enforce a Biden-era small business rule intended to curb ...

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WASHINGTON (AP) — Treasury Secretary Janet Yellen is announcing that 100,000 businesses have joined a new database that collects “beneficial ownership” information on firms as part of a new government ...

The decision is a win—for now, at least—for banking groups that claimed the additional red tape imposed by the rule would have a chilling effect on access to capital. The rule was seen as a hot-button ...

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In a pivotal development, the U.S Court of Appeals for the Fifth Circuit has stayed enforcement of the Consumer Financial Protection Bureau’s (CFPB) Small Business Lending Rule — also known as Section ...

Both bank and nonbank lenders will have time before they will need to start reporting the data. The Consumer Financial Protection Bureau released a final rule Thursday that seeks to collect ...

Consumer advocates led by Rise Economy have sued the Consumer Financial Protection Bureau for the second time for failing to implement the small-business data collection rule mandated by Congress 15 ...

"Requiring lenders to provide this information infringes on small-business owners' right to privacy about their personal and business information when applying for credit," Rep. Roger Williams, ...