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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..
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Home Personal Finance Federal lawsuit says CFPB should collect data on business-loan applications from women and minorities. Federal lawsuit says CFPB should collect data on business-loan applications from women and minorities. May 15, 2019.
Although the no-action letter reveals that the CFPB remains committed to completing its inquiry into the use of alternative data to expand credit, it offers little guidance outside of the contours of Upstart’s platform and Upstart may still have to deal with fair lending issues with the CFPB down the road.
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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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
CFPB Faces Lawsuit on Payday Lending Rule Groups representing the small-dollar lending industry challenge rule finalized in 2017, which the bureau is currently reconsidering. The lawsuit also argues the CFPB’s structure is unconstitutional. 4/10/2018 3:00 PM
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.
On July 21, 2010, the Dodd-Frank Act established the CFPB to regulate the offering and provision of consumer products or services under federal consumer financial law. The CFPB is authorized under the act to enforce federal consumer financial law through judicial actions and administrative adjudication proceedings.
Home / Market News / Federal lawsuit says CFPB should collect data on business-loan applications from women and minorities. Federal lawsuit says CFPB should collect data on business-loan.
Australian Housing finances falls in March That’s according to economist John Adams, Digital Finance Analytics founder Martin North and Irish financial adviser Eddie Hobbs, who argue Australia’s economy is looking increasingly similar to.