Compliance deadlines under the consumer financial protection agency’s 2023 small-business lending rule are extended by more than 11 months under an interim rule set to take effect July 18, when public comments are due. A […]
Add the agency’s Equal Credit Opportunity Act (ECOA) small-business loan data collection rule to those the Consumer Financial Protection Bureau (CFPB) won’t be going out of its way to enforce. The bureau said Wednesday that […]
Data on small business, small farm, and community development lending during 2023 was made public Monday by the three federal banking agencies, showing a decrease in lending activity driven by higher interest rates and tighter […]
About half of all U.S. banks were using or considering using financial technology in their small business lending process, according to a report issued Wednesday by the federal insurer of bank deposits. However, the report […]
Compliance dates used in the filing instructions to correspond with new deadlines for the small business lending rule are published in the instructions guide issued Aug. 16 by the federal consumer financial protection agency. The […]
More time will be allowed to comply with a small business lending rule issued last year by the consumer financial protection agency, it said Friday, “in light of court orders in ongoing litigation.” The Consumer […]
A update to the filing instructions for small-business lending data was released Thursday by the federal consumer financial protection agency. According to the Consumer Financial Protection Bureau (CFPB), the update includes: Reordering of certain demographic […]
The “small business lending rule” issued by the federal consumer financial protection agency will be the subject of a webcast by the agency set for July 25, the agency announced Monday. The Consumer Financial Protection […]
The new small business lending rule from the federal consumer financial protection agency has prompted the issuance of a small entity compliance guide by the agency, it announced Monday. The compliance guide was issued Friday […]
A new rule requiring lenders to collect and report information about the small business credit applications they receive, including geographic and demographic data, lending decisions, and the price of credit, was finalized Thursday by the […]
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