Federal lawsuit says CFPB should collect data on business-loan applications from women and minorities

loans, the small business data collectionrule the CFPB will be developing must accommodate a wide variety of business lending products and models. We encourage financial institutions to identify the various types of business lending in which they engage and begin to assess how the small business data collection rule could affect each

Federal lawsuit says CFPB should collect data on business-loan applications from women and minorities – The 2010 Dodd Frank Act, a federal law passed in the aftermath of the 2008 market collapse, requires lenders to compile information on applications and actions taken on loan requests. The CFPB is.

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Consumer Finance Monitor. CFPB, Federal Agencies, State Agencies, and Attorneys General. Home U.S. Senators urge expedited CFPB action on small business lending data collection rules. in which they urged the CFPB "to expedite its rulemaking around publicly available small business loan.

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However, according to the lawsuit filed by Robert Hallstein and Earle Yerger. or businesses owned and operated by veterans, women or minorities. When a large company pretends to be a small business.

CFPB Hears Growing Calls to Draft Business Loan Data Rule. CFPB Hears Growing Calls to Draft Business Loan Data Rule By. Joe Adler; Published.. the new requirements include that lenders compile records on loan applications by women- and minority-owned, and small businesses..

Home Money Investing Federal lawsuit says CFPB should collect data on business-loan applications from women. Money; Investing; Federal lawsuit says CFPB should collect data on business-loan applications from women and minorities.

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Federal lawsuit says CFPB should collect data on business-loan applications from women and minorities -MarketWatch. A federal lawsuit was filed against the Consumer Financial Protection Bureau to force it to collect data on loan applications from women- and minority-owned small businesses.

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