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.
