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 (CFPB) issued. The CFPB issued this rule as required by the amendment of the Equal Credit Opportunity Act (ECOA) effected by Section 1071 of the Dodd-Frank Act.
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Texas Bankers Association v. CFPB: Fifth Circuit Stays Small Business Lending Data Collection Rule
