The CFPB section 1071 effective date
Abrigo
MAY 30, 2023
CFPB intends the data collected by lenders on each small business credit application to shed light on potential disparate treatment in loan terms, especially related to minority-owned small business applicants, including women-owned small businesses. This 2026 data needs to be reported to the CFPB by June 1, 2027.
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