The Future Of CFPB Small Business Lending Regulation

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In this article we highlight the role played by the Consumer Financial Protection Bureau in regulating small business lending. Broadly speaking, the bureau’s jurisdiction is limited to the marketplace for consumer financial products and services (i.e., financial products or services used for personal, family or household purposes). However, the bureau does have limited jurisdiction over small business lending, and has recently taken steps to begin more active oversight of this market.

Originally published in Law360 - May 19, 2016.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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