CFPB Publishes Final Rule: Data Collection on Small Business Lending under the Equal Credit Opportunity Act (Regulation B)

March 30, 2023

The Consumer Financial Protection Bureau (CFPB) has published a final rule that implements section 1071 of the Dodd-Frank Act wherein covered financial institutions are required to collect and report to the CFPB data on applications for credit for small businesses, including those that are owned by women or minorities.

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