Sen. David Vitter, R-LA, chairman of the Senate Committee on Small Business and Entrepreneurship, has called into question “the adequacy and thoroughness of the CFPB’s analysis of small entity impacts” as a part of its payday lending rulemaking process and requested the Government Accountability Office to investigate the issue and release its findings. Among the issues the senator raised was whether the selection of small entity representatives is conducted in a way that guarantees adequate input from a reasonable distribution and representation of small entities that would likely be affected by the bureau’s proposed regulation currently under consideration. Vitter also wanted to know if the materials that are distributed to SERs are adequate for them to provide constructive input for ...