Here’s a script you can use when phoning your senator’s office (SEE PREVIOUS PAGE FOR CONTACT INFORMATION).

Hi Senator [INSERT NAME],

My name is [YOUR NAME], and I'm a resident of [YOUR STATE] and I’m calling about the CFPB's Section 1071 regulations, which will make small business lending fairer. I’m asking for your support — and for your vote against Senate Joint Resolution 32, which aims to overturn these regulations.

We've been waiting for this for over a decade, and the CFPB has put in a lot of work with input from various groups.

Section 1071 will boost transparency in small business lending, which means fairer pricing, better terms, and more access to credit for underserved businesses. It's a win-win, with minimal costs for lenders. This rule applies to banks, credit unions, online lenders, and more, including agricultural credit. It'll likely lead to increased lending to underserved businesses, including farms.

Lastly, I want to address concerns about privacy, especially for applicants in small and rural communities. Similar concerns were raised when the Home Mortgage Disclosure Act (HMDA) was implemented, but those concerns never materialized. The CFPB is dedicated to safeguarding shared data, and the released data is always aggregated.

Thanks for your time, and I hope you'll vote against Senate Joint Resolution 32 to ensure fair access to capital.