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 ...
JD Supra

Legal Challenges to Small-Business ‎Data Collection Rule Dwindle as Texas Court Sides With CFPB

On August 26, 2024, a federal district court for the Southern District of Texas granted summary judgment in the Consumer Financial Protection Bureau’s favor and rejected a challenge to the CFPB’s ...
American Banker

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

Russell Vought, director of the Office of Management and Budget and acting director of the Consumer Financial Protection Bureau. The Consumer Financial Protection Bureau is set to finalize a ...
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 ...
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 B, which implements section 1071 of the Dodd-Frank ...