CFPB Issues Proposed Rule Narrowing Section 1071 Small-Business Lending Data Collection Amid Looming Funding Crisis; Comments Due Dec. 15
November 14, 2025 | |
CFPB Issues Proposed Rule Narrowing Section 1071 Small-Business Lending Data Collection Amid Looming Funding Crisis; Comments Due Dec. 15
The Consumer Financial Protection Bureau (CFPB) issued a proposed rule that would significantly narrow and simplify its 2023 Section 1071 small-business lending data collection requirements, even as the agency faces an unprecedented threat to its viability following a new Justice Department (DOJ) Office of Legal Counsel (OLC) determination that its current funding structure is unlawful. The proposal would raise lender-coverage… (Colocho, November 14, 2025) #Health Equity, #Transparency