CFPB Proposes Rule to Shine New Light on Small Businesses’ Access to Credit

September 01, 2021

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The CFPB proposed a new rule addressing Section 1071 of the Dodd-Frank Act, which requires the CFPB to collect data about small business lending to facilitate enforcement of fair lending laws and to help identify business and community development needs and opportunities; comments are due 90 days from the date of publication in the Federal Register.

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