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CFPB sued for not implementing small business lending rule
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Banking, Consumer Protection, Government Oversight, Industry Regulation
Tuesday, July 29, 2025
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The Consumer Financial Protection Bureau is being sued over its decision to withdraw its final rule implementing small business lending requirements outlined in Sec. 1071 of the Dodd-Frank Act. Multiple plaintiffs are seeking declaratory and injunctive relief under the Administrative Procedure Act and the Equal Credit Opportunity Act.
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