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November 9, 2023, Via email: CFPB_consumerreporting_rulemaking@cfpb.gov Consumer Financial Protection Bureau 1700 G Street NW Washington, DC 20552 Re: Outline of Proposals for Consumer Reporting Rule
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What is small business review panel?
The Small Business Review Panel is a regulatory body that evaluates the impact of proposed regulations on small businesses, ensuring that their interests are considered during the rule-making process.
Who is required to file small business review panel?
Small businesses that may be affected by proposed regulations, as determined by the regulatory agency, are required to file with the Small Business Review Panel.
How to fill out small business review panel?
To fill out the Small Business Review Panel form, businesses must provide required information about their operations, evaluate how the proposed regulations will impact them, and submit any necessary documentation as specified by the regulatory agency.
What is the purpose of small business review panel?
The purpose of the Small Business Review Panel is to assess the potential economic impact of regulations on small businesses, promote transparency, and ensure that regulatory costs do not disproportionately burden small enterprises.
What information must be reported on small business review panel?
Businesses must report their business size, nature and scope of operations, potential economic impact from the proposed regulations, and any mitigating measures they propose.
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