Tabs

Bank/Thrift Supervision   |    Capital    |    CFPB    |    Deposit Insurance    |    Interchange    |    Mortgage Finance
Municipal Advisors   |    OCC-OTS Merger   |    Preemption    |    QM - QRM    |    Swaps   |    Volcker Rule    |    Full Topics List
 
Qualified Mortgage - Qualified Residential Mortgage
Swaps
Consumer Financial Protection Bureau - CFPB
Bank/Thrift Holding Company Supervision
Capital
Deposit Insurance
Interchange
Mortgage Finance
Municipal Advisors
OCC-OTS Merger
Preemption
Volcker Rule
Corporate Governance
Financial Stability Oversight Council (FSOC)
Appraisals
Office of Financial Research (OFR)
Systemic Risk
Supervision and Oversight
Payment, Clearing and Settlement
Prudential Supervision
Trust & Securities
Asset-Backed Securities
Resolution Authority

Monday, July 13, 2015

Senate Democrats Urge Rules for Small Biz Loan Data Disclosure

Sen. Cory Booker (D-N.J.) led a group of several Senate Democrats in asking CFPB Director Richard Cordray to accelerate a Dodd-Frank Act rulemaking that would require lenders to report small business loan data similar to mortgage loans under the Home Mortgage Disclosure Act. The senators wrote:

Current data collection efforts are fragmentary and provide an incomplete picture of lending in the small business marketplace. Regulation B will facilitate the enforcement of fair lending laws and help identify the credit needs of women-owned, minority-owned, and all small businesses.

The Dodd-Frank provision has since 2012 been listed on the CFPB’s rulemaking agenda as a long-term regulatory project.

Read the letter.

No comments:

Post a Comment

Please read our comment policy before making a comment.