Broad Coalition Urges CFPB Robust Data Reporting Requirements for Small Businesses
Washington, D.C.— A coalition of public interest and advocacy organizations recently urged the Consumer Financial Protection Bureau (CFPB) to expand the data collection and reporting requirements under its proposed rule to implement changes to Section 1071 of the Dodd-Frank Wall Street Reform and Protection Act. The CFPB’s proposal would expand the data collection and reporting requirements in the small business lending market to include women-owned and minority-owned small businesses. The Center for Responsible Lending (CRL), the National Association of Latino Community Asset Builders (NALCAB