JD Supra

CFPB Issues Final Section 1071 Rule on Small Business Lending Data Collection

On May 1, 2026, the Consumer Financial Protection Bureau (“CFPB” or “Bureau”) issued its final rule substantially revising subpart B of Regulation ...
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 ...
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 ...
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 ...
American Banker

Consumer groups sue CFPB over small-business data rule

Consumer advocates led by Rise Economy have sued the Consumer Financial Protection Bureau for the second time for failing to implement the small-business data collection rule mandated by Congress 15 ...
Hosted on MSN

CFPB eases lending data rules as Congress targets $186B in errors

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 ...