CFPB Releases Final Rule on Small Business Loan Reporting

The Consumer Financial Protection Bureau last Thursday issued a final rule that would require some lenders to collect and report information about small business credit applications they receive, including geographic/demographic data, lending decisions and the price of credit.

CFPB Provides Guidance on HMDA Loan Reporting Threshold

The Consumer Financial Protection Bureau said yesterday it does not intend to “initiate enforcement actions or cite Home Mortgage Disclosure Act violations for failures to report closed-end mortgage data collected in 2022, 2021, and 2020” for covered institutions that originated at least 25 closed-end loans, but less than 100 closed-end loans in each of the previous two calendar years.

CFPB: Renters at Risk as COVID-19 Safety Net Ends

The Consumer Financial Protection Bureau released a report warning that millions of renters and their families may suffer previously avoided economic harms of the COVID-19 pandemic as federal and state relief programs end.