CFPB Says It's 'On Track' With Small-Biz Loan Data Rule Plans

Law360 (August 25, 2020, 9:35 PM EDT) -- The Consumer Financial Protection Bureau on Monday said it remains "on track" to release next month an outline of proposals it's considering for carrying out a decade-old small-business lending data collection mandate, which community advocates previously sued the agency for allegedly ignoring.

The CFPB made the disclosure in a status report updating a California federal judge on the agency's progress under a settlement reached earlier this year with the California Reinvestment Coalition and other advocates behind the litigation over the data collection mandate.  

The settlement laid out a series of deadlines for the CFPB to write rules implementing Section 1071...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!