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Small Business Lending Data Collection under the Equal Credit Opportunity Act (Regulation B)

The Bureau of Consumer Financial Protection (Bureau) is publishing for public comment a proposed rule amending Regulation B to implement changes to the Equal Credit Opportunity Act (ECOA) made by section 1071 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act). Consistent with section 1071, the Bureau is proposing to require covered financial institutions to collect and report to the Bureau data on applications for credit for small businesses, including those that are owned by women or minorities. The Bureau’s proposal also addresses its approach to privacy interests and the publication of section 1071 data; shielding certain demographic data from underwriters and other persons; recordkeeping requirements; enforcement provisions; and the proposed rule’s effective and compliance dates.

The Bureau is releasing a table of contents for this notice and other supporting materials to assist members of the public in reviewing the proposal. For additional information, see our webpage compiling all materials regarding the section 1071 rulemaking.

Proposed rule with request for public comment

Read it in the Federal Register

View issued pdf

Submit a formal comment

Regulations.gov comment form for this notice

Read comments received

Read supporting materials (including SBREFA Outline feedback)

Related documents

Table of Contents for Proposal Regarding Small Business Lending Data Collection

Summary of Proposed Rulemaking: September 2021 Proposal Regarding Small Business Lending Data Collection

Chart of proposed data points for small business lending data collection

Supplemental estimation methodology for institutional coverage and market-level cost estimates in the small business lending data collection notice of proposed rulemaking

Pre-proposal SBREFA materials

Outline of Proposals Under Consideration and Alternatives Considered

Final Report of the Small Business Review Panel on the CFPB’s Proposals Under Consideration for the Small Business Lending Data Collection Rulemaking