Fact sheet: Small Business Review Panel Process · nel. The Pane s. During thi dback on the y may...

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FACT SHEE What is a Sm A Small Busin Bureau (“CFP affected by a development entities, repre Business Adm Information a selected group small busines impacts of co regulatory op impacts. What is the R Prior to a sch a list of the se participant. T infor an ov other mean advic a list the P During the Pa options or alt representative regulations th Panel then di compliance re advice regardi economic imp objectives of businesses on ways to minim ET: SMALL mall Business ness Review P PB”) can obta regulation tha may have a si esentatives fro ministration (S and Regulator p of represent ses provide th omplying with tions under co Role of Smal heduled Panel elected small b The outreach m rmation on the verview of the r information ningful comm ce on potentia of questions a Panel outreach anel outreach ternatives und es. The Panel hat may overla scusses and ob equirements a ing potential r pacts of the p applicable sta n how the prop mize any such BUSINESS s Review Pan Panel is a mean ain input from at the CFPB m ignificant econ om the CFPB, SBA), and the ry Affairs form tatives from sm he Panel with i proposed reg onsideration a ll Businesses outreach mee businesses and materials typic e background e proposed rul that will enab ents on the lik al alternatives; and issues on h meeting. meeting, the der considerati may ask the r ap, duplicate, o btains input fr and costs of th regulatory alte roposed rule o atutes. The CF posed rule ma impact. In ad REVIEW PA nel? ns by which th m small busines may issue. Und nomic impact the Chief Cou Office of Ma m a Review Pa mall businesse important fee gulations. They and regulatory in the Revie eting, the CFP d their represe cally contain: of the propos le or regulator ble small busin kely economic and which the CF CFPB reviews ion with the p epresentatives or conflict wit rom small bus he proposed ru ernatives that w on small busin FPB may also ay impact the ddition to prov ANEL PROC he Consumer sses that are li der the law, w on a substant unsel for Adv anagement and anel. The Pane es. During thi edback on the y may also pro y alternatives t ew Panel Pro PB distributes entatives to ea sed rule under ry options und ness represent c impacts of th FPB will seek s the regulator participating sm s to help ident th the CFPB’s sinesses on th ule. In additio would minimi nesses while a solicit feedbac cost of credit viding verbal CESS Financial Pro ikely to be dir when a rule und tial number of vocacy of the S d Budget’s Of el meets with is outreach me potential eco ovide feedbac to minimize th cess? outreach mate ach meeting r developmen der considerat tatives to prov he proposed r small busines ry proposals a mall business tify other fede s proposed rul he anticipated on, the Panel s ize any signifi accomplishing ck from small for small enti comments on otection ectly der f small Small ffice of a eeting, nomic ck on hese erials and nt; tion; vide rule and s input at and eral le. The solicits cant g the l ities and n these

Transcript of Fact sheet: Small Business Review Panel Process · nel. The Pane s. During thi dback on the y may...

FACT SHEE

What is a Sm

A Small BusinBureau (“CFPaffected by a development entities, repreBusiness AdmInformation aselected groupsmall businesimpacts of coregulatory opimpacts.

What is the R

Prior to a scha list of the separticipant. T

• infor

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During the Paoptions or altrepresentativeregulations thPanel then dicompliance readvice regardieconomic impobjectives of businesses onways to minim

ET: SMALL

mall Business

ness Review PPB”) can obtaregulation thamay have a si

esentatives froministration (Sand Regulatorp of representses provide th

omplying with tions under co

Role of Smal

heduled Panel elected small b

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anel outreach ternatives undes. The Panel hat may overlascusses and obequirements aing potential rpacts of the papplicable sta

n how the propmize any such

BUSINESS

s Review Pan

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proposed regonsideration a

ll Businesses

outreach meebusinesses andmaterials typic

e background

e proposed rul

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and costs of thregulatory alteroposed rule o

atutes. The CFposed rule ma impact. In ad

REVIEW PA

nel?

ns by which thm small businesmay issue. Undnomic impact the Chief CouOffice of Ma

m a Review Pamall businesseimportant fee

gulations. Theyand regulatory

in the Revie

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of the propos

le or regulator

ble small businkely economicand

which the CF

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FPB may also ay impact the ddition to prov

ANEL PROC

he Consumer sses that are lider the law, won a substantunsel for Adv

anagement andanel. The Panees. During thi

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PB distributes entatives to ea

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ness representc impacts of th

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Text Box
1700 G Street, N.W., Washington, DC 20552

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