‘It’s None of the CFPB’s Business!’: Sen. Kennedy Decries New ‘Woke’ Lending Rule for Small Business

NTD Video
By NTD Video
October 18, 2023News Clips

During his speech on the Senate floor on Wednesday, Sen. John Kennedy (R-La.) fiercely criticized a new Consumer Financial Protection Bureau (CFPB) rule requiring financial institutions to collect and report certain personal information on small-business loan recipients, calling it “intrusive.”

“Reporting these personal details is an invasion of privacy and a waste of resources aimed at furthering the woke agenda,” Mr. Kennedy said. His comments came before the Senate voted 53–44 later in the day to pass a resolution spearheaded by Mr. Kennedy to overturn the regulation.

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