{"id":2072821,"date":"2023-10-19T09:59:02","date_gmt":"2023-10-19T13:59:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/its-none-of-the-cfpbs-business-sen-kennedy-decries-new-woke-lending-rule-for-small-business\/"},"modified":"2023-10-19T10:04:43","modified_gmt":"2023-10-19T14:04:43","slug":"its-none-of-the-cfpbs-business-sen-kennedy-decries-new-woke-lending-rule-for-small-business","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/its-none-of-the-cfpbs-business-sen-kennedy-decries-new-woke-lending-rule-for-small-business\/","title":{"rendered":"Sen. Kennedy opposes CFPB&#8217;s &#8216;woke&#8217; lending rule for small businesses."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">20<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fits-none-of-the-cfpbs-business-sen-kennedy-decries-new-woke-lending-rule-for-small-business%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2072821&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>Senator John \u200bKennedy Criticizes Intrusive Financial Regulation<\/h2>\n<div class=\"post_content\">\n<div class=\"mb-6 overflow-hidden\">\n<div class=\"whitespace-break-spaces\">\n<p>      \u2064     During his passionate speech on \u2064the Senate floor, Senator John Kennedy (R-La.) vehemently denounced a new Consumer Financial\u200d Protection Bureau\u2062 (CFPB) rule. \u200cThis <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/its-none-of-the-cfpbs-business-sen-kennedy-decries-new-woke-lending-rule-for-small-business\/\" title=\"Sen. Kennedy opposes CFPB's 'woke' lending rule for small businesses.\">controversial regulation mandates financial institutions<\/a> to \u2063collect and report \u200dspecific personal information\u2064 on small-business\u2062 loan recipients, which Senator Kennedy labeled as\u2064 &#8220;intrusive.&#8221;\n    <\/div>\n<\/p><\/div>\n<div class=\"mb-6 overflow-hidden\">\n<div class=\"whitespace-break-spaces\">\n<p>      \u2064   Senator Kennedy boldly stated, &#8220;Reporting these personal details is an\u2063 invasion of\u200d privacy and a wasteful diversion of resources, all in the\u2063 name \u2064of advancing the woke agenda.&#8221; His\u200b powerful remarks preceded a Senate \u2062vote \u200cof\u2064 53\u201344 later in\u2064 the \u200bday, where a resolution led by Senator Kennedy aimed to overturn the burdensome regulation.\n    <\/p><\/div>\n<\/p><\/div>\n<\/div>\n<p> <\/p>\n<h2> What \u200care Senator \u200cKennedy&#8217;s main concerns about the regulation imposed by the Consumer Financial Protection Bureau (CFPB)?<\/h2>\n<p><span>  In a forceful \u2063address\u200c delivered on the Senate floor, Senator John \u2064Kennedy of\u200d Louisiana, a Republican, delivered a scathing critique of a\u200c recent ruling by the Consumer Financial Protection Bureau\u2063 (CFPB). This new regulation, which Senator Kennedy vehemently opposes, imposes the obligation on <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/woke-banks-nearing-review-of-social-media-history-to-determine-social-score-worthiness-warns-de-banked-conservative-report\/\" title=\"Conservative warns of woke banks reviewing social media history to assess social score worthiness.\">financial\u200c institutions<\/a> to gather and disclose \u2063certain personal \u2064information regarding recipients of <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/report-sba-refuses-to-answer-questions-on-approval-of-pp-loans-for-planned-parenthood-affiliates\/\" title=\"Report: SBA refuses to answer questions on approval of PP loans for Planned Parenthood, affiliates\">small business loans<\/a>. The senator describes this requirement as nothing short of &#8220;intrusive.&#8221;<\/p>\n<p>Senator Kennedy expressed his deep\u200b concerns regarding the ramifications of collecting and reporting personal details, arguing that such an\u200c act constitutes an invasion of privacy. Moreover, he deemed\u2063 it a wasteful diversion of resources.\u200c In his view, this regulation is simply another example of the governmental overreach that often accompanies\u200d the advancement of what he refers \u2062to as the &#8220;woke agenda.&#8221;<\/p>\n<p>The senator&#8217;s powerful remarks were delivered with conviction,\u200b setting the stage for a subsequent \u2062vote in the\u2064 Senate later that day. The resolution put \u2064forth by\u2064 Senator Kennedy sought to overturn this burdensome and controversial\u200d regulation. When the vote finally took place, the resolution garnered support from 53 senators, while\u200d 44 senators opposed \u2063it.<\/p>\n<p>This debate highlights the ongoing tension between those\u200b who advocate for \u200bincreased financial regulation to protect consumers \u2063and those \u2062who believe that such regulations can constitute\u200d unnecessary burdens on businesses and individuals alike. Senator\u200b Kennedy&#8217;s vocal opposition to\u200c the CFPB&#8217;s rule reflects a growing sentiment within the Republican Party and conservative circles that financial \u200cregulations are \u2062disproportionately intrusive and <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/sen-tuberville-democrat-relief-bill-to-spark-inflation-fuel-poverty\/\" title=\"Sen. Tuberville: Democrat \u2018relief\u2019 bill to spark inflation, fuel poverty\">hinder economic growth<\/a>.<\/p>\n<p>Moving forward, it remains to be seen \u200cwhether Senator Kennedy&#8217;s resolution\u2063 will ultimately lead \u200dto\u2063 the repeal of this particular regulation. Nevertheless, his passionate speech and subsequent vote demonstrate his commitment to addressing what he perceives as overreaching and intrusive \u2063government measures in\u200b the financial sector.<\/p>\n<p>As \u200dthe nation continues\u200d to grapple with \u200cthe proper balance between <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/nhs-director-calls-out-gwyneth-paltrow-for-covid-19-recovery-advice\/\" title=\"NHS Director Calls Out Gwyneth Paltrow For COVID-19 Recovery Advice\">consumer protection<\/a> and individual liberties, debates surrounding financial regulation are likely to persist. It is evident from Senator Kennedy&#8217;s remarks that the issue\u200d of intrusive financial regulations has become an increasingly \u200dcontentious topic, with implications for both privacy rights and the direction of the economy.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Sen. John Kennedy (R-La.) strongly condemned the new CFPB rule on small-business loans during his Senate speech. He labeled the requirement to collect and report personal information as &#8220;intrusive,&#8221; stating it invades privacy and wastes resources.<\/p>\n","protected":false},"author":706,"featured_media":2072822,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[543],"tags":[],"class_list":["post-2072821","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-epoch-times"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2072821","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/706"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2072821"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2072821\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2072822"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2072821"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2072821"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2072821"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}