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SBA Lending Programs Equal Credit Opportunity Act

IR Global

The New CFPB Small Business Lending Rule Moves Forward

IR Global on

The new small business finance rule passed by the Consumer Financial Protection Bureau (CFPB) requires “Covered” financial institutions to collect and report data on applications for credit for small businesses. This rule,...more

Ballard Spahr LLP

Kentucky Court Grants a Stay of Case Pending a Decision in the Texas Small Business Lending Lawsuit

Ballard Spahr LLP on

On August 7, 2024, the U.S. District Court for the Eastern District of Kentucky granted the CFPB’s motion to stay the small business lending rule litigation before the court until resolution of the similar case pending in the...more

Morrison & Foerster LLP

CFPB Clarifies ECOA Notice Obligation Related To The Paycheck Protection Program

On May 6, 2020, the Consumer Financial Protection Bureau (CFPB) issued a “Compliance Aid” that addresses the obligations of creditors under the Equal Credit Opportunity Act (ECOA) and its implementing Regulation B with regard...more

Akerman LLP

CFPB Issues Guidance on ECOA and SBA PPP Loan Applications

Akerman LLP on

On May 6, 2020, the Consumer Financial Protection Bureau (CFPB) issued FAQs clarifying Regulation B's application to the Small Business Administration's (SBA) Paycheck Protection Program (PPP)....more

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