Banking Dive

CFPB slims small-business borrower data collection rule

The rule, set to take effect in 2028, narrows back to 13 the number of data points collected and raises the lending threshold ...
JD Supra

CFPB Finalizes Revised Section 1071 Rule: A Narrower Framework with a 2028 Compliance Date

The CFPB has finalized its long-anticipated revision to the Section 1071 small business lending data collection rule, published in the ...
American Banker

Much-maligned small-business data rule close to finish line

The Consumer Financial Protection Bureau is poised to finalize a contentious rule mandating the collection of demographic ...
American Banker

CFPB issues pared-down small business data collection rule

The Consumer Financial Protection Bureau has rewritten its small business data collection rule, dramatically scaling back the scope of the rule from its earlier version in a way that will likely ...
deBanked

Merchant Cash Advances Excluded From CFPB Small Business Loan Data Collection

Merchant Cash Advances are now excluded from the CFPB’s small business loan data collection requirements. In the final rules ...