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Will the CFPB's Small Business Data Collection Rules Change?

The article from Debanked discusses the potential changes to the Consumer Financial Protection Bureau's (CFPB) small business data collection rules under Section 1071 of the Dodd-Frank Act. It highlights the ongoing debate and legal challenges surrounding these rules, which aim to increase transparency and combat discrimination in small business lending. The article notes that while the rules were finalized in March 2023, their implementation has been delayed due to lawsuits filed by various industry groups, arguing that the rules are overly burdensome and could harm small businesses. The CFPB is currently reviewing these challenges, and the outcome could significantly impact how small business lending data is collected and reported in the future.

Read the Full deBanked Article at:
[ https://debanked.com/2025/04/will-the-cfpbs-small-business-data-collection-rules-change/ ]