Federal lawsuit says CFPB should collect data on business-loan applications from women and minorities

Federal Reserve Study: Online Small Business Lending.. 1 This type of litigation would not apply to lenders who make loans.. The Consumer Financial Protection Bureau (“CFPB”) brought an action.. and maintain loan data for women-owned, minority-owned and small business credit applicants.264.

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On May 10, 2017, the Consumer Financial Protection Bureau ("CFPB") issued a request for information on small business lending. In a press release accompanying the request, the CFPB stated that its goal is to "learn more about how small businesses engage with financial institutions, with a particular focus on women-owned and minority-owned small business," in order to help "implement.

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Federal lawsuit says CFPB should collect data on business-loan applications from women and minorities – They point to research saying minority-owned businesses have been missing out on capital and credit at fair terms to boost their businesses. received 2.3% of the Small Business Administration’s.

Federal lawsuit says CFPB should collect data on business-loan applications from women and minorities – . against the Consumer Financial Protection Bureau to force the agency to start collecting information on business- and commercial-loan applications made by women- and minority-owned small.

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Federal lawsuit says CFPB should collect data on business-loan applications from women and minorities – The 2010 Dodd Frank Act, a federal law passed in the aftermath of the 2008 market collapse, requires lenders to compile information on applications and actions taken on loan requests. The CFPB is.

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Federal lawsuit says CFPB should collect data on business-loan applications from women and minorities – The 2010 Dodd Frank Act, a federal law passed in the aftermath of the 2008 market collapse, requires lenders to compile information on applications and actions taken on loan requests. The CFPB is.

CFPB Poised to Expand Regulation to Small Business Lending: Expect the Unexpected. Section 1071 requires financial institutions to collect certain data elements in connection with covered business loan applications, including the race, gender, and ethnicity of the principal owners of the.

The Consumer Financial Protection Bureau says the Department of Education is blocking access to documents it needs for its lawsuit against Navient, one of the nation’s biggest student loan servicers.

James Taranto on the death of Helen Thomas and this week’s Best of the Mail segment on the race and the ‘face of privilege’. Plus, is the CFPB constitutional? And the problem with Bridgeport public.

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