ACA victorious in senate vote to exempt chiropractic practices from financial bill requirements

June 8, 2010 — Last week, the U.S. Senate unanimously approved an amendment offered by Sen. Olympia Snowe (R-Maine) that would exempt chiropractic practices and other eligible small businesses from the jurisdiction of the Consumer Financial Protection Bureau (CFPB), as proposed in the Restoring American Financial Stability Act (S. 3217). 

Without this vital amendment, chiropractic practices and other small businesses that allow their patients or customers to pay in installments would have been subject to the same regulations as large banks and credit card companies.  

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Source: American Chiropractic Association, www.acatoday.org