News Release: 8/23/2023

FOR IMMEDIATE RELEASEKayla StaiThe Bank of Elk River763.241.8551      kstai@thebankofelkriver.com  Congress Needs to Repeal New Small Business Funding RegulationsOp-ed by Bill LaVigne, COO at The Bank of Elk River  Elk River, Minn. (August 21, 2023)—In a world where privacy and security concerns are on the rise, a new federal banking regulation has taken data collection a step too far for small businesses across the country. The Consumer Financial Protection Bureau (CFPB) recently finalized a rule that