The Consumer Financial Protection Bureau (CFPB) has further extended the compliance dates and first filing deadlines for, and made other revisions to, its final small business lending data collection rule. The CFPB... Read more »
A Kentucky district court has stayed litigation challenging the small business lending data collection rule issued by the Consumer Financial Protection Bureau (CFPB) as mandated by the amendment of the Equal Credit... Read more »
The Consumer Financial Protection Bureau (CFPB) has announced it will not prioritize enforcement or supervision actions regarding the small business lending data collection rule it issued as required by the amendment of... Read more »
The Consumer Financial Protection Bureau (CFPB) has indicated its intention to initiate a new rulemaking to effect the small business lending data collection mandated by the amendment of the Equal Credit Opportunity... Read more »
A trade association for providers of merchant cash advances (MCAs) and other revenue based financing has moved to stay, and toll the compliance deadlines under, the final small business lending data collection... Read more »
The Small Business Administration (SBA) issued a notice soliciting public comments on extending the required data collection date for lenders under the Paycheck Protection Program (PPP) for an additional three years. Source... Read more »
A magistrate judge of the US District Court for the Southern District of Florida has recommended rejecting a challenge by a trade association for providers of merchant cash advances (MCAs) and other... Read more »
The US Court of Appeals for the Fifth Circuit has stayed pending appeal, and tolled the compliance deadlines under, the final small business lending data collection rule the Consumer Financial Protection Bureau... Read more »
Representative Roger Williams of Texas has introduced legislation to repeal the loan data collection requirements established by Section 1071 of the Dodd-Frank Act. This section amended the Equal Credit Opportunity Act (ECOA)... Read more »
SBA Seeks Comments on Extending Information Collection for Paycheck Protection Program (PPP)