← Credit Union National Association
CFPBRulemakingCFPB-2021-0015

Small Business Lending Data Collection under the Equal Credit Opportunity Act

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Credit Union National Association filings
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Credit Union National Association filed 1 comment on this docket between Jan 6, 2022 and Jan 6, 2022. 163 other organizations filed here. The comment window closed 1664d ago.

What Credit Union National Association filed (1)

Jan 6, 2022· Comment from Credit Union National Association· CFPB-2021-0015-1514

Attached please find CUNA's comment letter.

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Abstract

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.

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Co-filers (163)

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