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

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

The Consumer Financial Protection Bureau seems poised to finally complete the process of implementing a law that was passed ...

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

The Consumer Financial Protection Bureau has finalized a rollback of rules requiring banks to collect detailed demographic data on small business borrowers, reducing compliance demands. This coincides ...

The decision is a win—for now, at least—for banking groups that claimed the additional red tape imposed by the rule would have a chilling effect on access to capital. The rule was seen as a hot-button ...

On May 1, the Consumer Financial Protection Bureau (CFPB) announced that it will not prioritize enforcement or supervision of its small business lending data collection rule (the “Rule”) implementing ...