Delayed effective dates for compliance and first filings under the Consumer Financial Protection Bureau’s (CFPB) small-business loan data collection rule were made final under a rule published in the Federal Register.
The final rule means highest-volume lenders have until July 1, 2026, to comply and June 1, 2027, for their first filing. The deadlines are later for moderate- and smallest-volume lenders.
The CFPB proposed the delays in a June interim final rule, noting active litigation regarding this rule implementing section 1071 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank). It said litigation remains ongoing.
The final rule notice, published Thursday, was signed by Russell Vought, the CFPB’s acting director and the current director of the White House Office of Management and Budget (OMB).
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