Scope of CFPB Small-Business Loan Data Requirements Worries Banks

American Banker, Sept. 1, 2021–Kate Berry (subscription)
The Consumer Financial Protection Bureau backtracked on a suggestion that the agency made during the Trump administration that it would exempt a significant chunk of community banks from small-business loan reporting requirements, sparking concern among industry representatives that the rule will be too broad.
https://www.americanbanker.com/news/scope-of-cfpb-small-business-loan-data-requirements-worries-banks