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Report on small-business lending data collection released
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Banking, Legislation
Thursday, December 17, 2020
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The Consumer Financial Protection Bureau released a report on a rule regarding collecting data on small-businesses and women- and minority-owned businesses. The report is part of the rulemaking process required by Section 1071 of the Dodd-Frank Act.
The panel’s findings and recommendations will be used to prepare the notice of proposed rulemaking to implement Section 1071.
Read on for details and industry reactions.
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