Small business lending collection and reporting requirements

Resources to help industry understand and comply with the data collection and other requirements of the small business lending rule, which implements ...

Small business lending rule FAQs

A financial institution is not required to count the covered transactions that an affiliate originated. As noted in the preamble to the small business lending ...

An Overview of the CFPB's Small Business Lending Collection and ...

What are the reporting requirements? ... The rule requires lenders to collect and report certain data points for covered applications it receives from a small ...

Section 1071: Small Business Lending Data Collection and Reporting

On March 30, 2023, the CFPB finalized the Section 1071 rule regarding data collection and reporting requirements for certain information ...

Update on CFPB Small Business Lending Data Collection Rule ...

The Final Rule requires small business lenders to collect information about small business credit applications they receive, including geographic and ...

What's Next for the Small Business Lending Data Collection Rule?

Section 1071 required covered financial institutions to collect and report loan data on small businesses, including those owned by women or ...

Small Business Lending Under the Equal Credit Opportunity Act ...

Covered financial institutions are required to collect and report data regarding covered applications from small businesses for covered credit ...

CFPB Small Business Lending Data (Section 1071)

Calendar year data collection is required with reporting to CFPB by June 1 of the following year. CFPB has provided a Filing Instructions Guides on its website, ...

CFPB's New Small Business Data Collection Rule: Considerations ...

A new Consumer Financial Protection Bureau (“CFPB”) rule, 12 C.F.R. part 1002, imposes data collection and reporting obligations on lenders to small ...

Small Business Data Collection Final Rule: What to Know - CLA

If your financial institution issues business loans, determine whether you must comply with the rule and meet data collection and reporting ...

Complying with CFPB's Small Business Lending Rule - RKL LLP

Collection and reporting requirements will be familiar to those of us who also report Home Mortgage Disclosure Act (HMDA) data, with a web-based ...

How the New 1071 Rule Impacts Small Business Lending - Middesk

New data collection and reporting requirements are aimed at fairness in lending to small businesses and women, minority, and LGBTQI+ owned ...

CFPB Finalizes Small Business Lending Data Rule - Goodwin

The volume of “covered originations” a financial institution makes determines whether the institution must collect and report data under the ...

The CFPB 1071 effective date and updated loan data deadlines

The last group of lenders required to collect and report data on small business loan applications is financial institutions with at least ...

Data Reporting Requirements May Shape Small Business Lending

Compliance with Section 1071 will require certain lenders to collect and report to the CFPB information about the small business credit ...

Four Things to Know About the CFPB's New Small Business ...

The CFPB's final rule (Final Rule) requires banks, credit unions, and nonbank lenders to collect and report certain data about covered loan applications from ...

CFPB Finalizes Rule on Small Business Lending Data Collection

Consistent with the provisions of section 1071, the Rule requires covered financial institutions to collect and report certain data points ...

CFPB Finalizes Small Business Lending Data Rule

A new federal regulation will require small business lenders to collect detailed data about applications and originations and report that ...

Small Business Lending Under the Equal Credit Opportunity Act ...

Section 1071 of that Act amended the Equal Credit Opportunity Act (ECOA) to require that financial institutions collect and report to the CFPB ...

CFPB Publishes Final Small Business Lending Data Collection Rule

Financial institutions must collect small business lending data on a calendar year basis and report it to the CFPB on or before June 1 of the ...