News & Analysis as of

Small Business Loans

Nutter McClennen & Fish LLP

Nutter Bank Report: November 2025

The OCC has announced changes to Bank Secrecy Act/Anti-Money Laundering (BSA/AML) examination procedures and data collection requirements applicable to community banks to reduce regulatory burdens. The policy changes are...more

GeoDataVision

Overview of the CFPB’s Section 1071 Proposal

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The CFPB’s Section 1071 Proposal: Big Reduction in Reporters, Loans and Data Points - Does Drastic Reduction in Reporters and Loans Undermine Purpose? The CFPB’s proposal to modify the Section 1071 Rule offers significant...more

Sheppard Mullin Richter & Hampton LLP

FTC Permanently Bans Small-Business Financing Firm and CEO for Alleged UDAP and Telemarketing Violations

On November 17, the FTC announced a final court order permanently banning a small-business financing company and its chief executive from offering business financing, debt relief, and credit repair services and imposing a...more

Ballard Spahr LLP

Section 1071 Rule Proposed Amendments—A Deeper Dive

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As previously reported, the CFPB is proposing major changes to its 2023 final rule that would require financial institutions to report information contained in loan applications submitted by small businesses, including...more

GeoDataVision

FFIEC Announces Release of 2024 CRA Lending Data

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About 83% of CRA “covered” lenders do not report lending under CRA - On November 13, the Federal Bank Regulatory Agencies announced the availability of the 2024 CRA lending activity of 731 lenders who reported data on...more

Whiteford

Client Alert: PPP Affiliation Pitfalls: How Employee Headcount Errors Can Lead To False Claims Act Troubles For Business Owners

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The Paycheck Protection Program was a lifeline for small businesses struggling to keep their employees paid during the COVID-19 pandemic. But for business owners who failed to include all applicable employees in their size...more

Orrick, Herrington & Sutcliffe LLP

Small Business Administration releases state-level analysis of government shutdown impact on small business lending

On October 21, the U.S. Small Business Administration (SBA) released a state-by-state analysis of the impact of the ongoing federal government shutdown on small business lending. The SBA reported that its core 7(a) and 504...more

Sheppard Mullin Richter & Hampton LLP

CFPB Extends Compliance Deadlines for Section 1071 Small Business Lending Rule

On October 2, The CFPB finalized a rule extending the compliance deadlines for its 2023 Small Business Lending Data Collection Rule under the Equal Credit Opportunity Act (ECOA) and Regulation B. The final rule confirms the...more

Stinson LLP

CFPB Finalizes Interim Rule to Extend 1071 Compliance Deadlines

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The Consumer Financial Protection Bureau (CFPB) has finalized its interim final rule amending Regulation B to extend the compliance deadlines set forth in the small business lending data collection rule required by Section...more

Orrick, Herrington & Sutcliffe LLP

CFPB finalizes extension of compliance dates for its 1071 small business data rule

On September 25, the CFPB published in the Federal Register a final rule amending Regulation B to extend the compliance dates for small business lending data collection and reporting under Section 1071 of the Dodd-Frank Act. ...more

Ballard Spahr LLP

CFPB Adopts Final Rule Extending Compliance Dates for the 1071 Rule

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As previously reported, in June 2025 the CFPB issued an interim final rule extending the compliance dates for the section 1071 small business data collection and reporting rule. The CFPB has now issued a final rule with the...more

Venable LLP

Dun & Bradstreet Faces $5.7M FTC Penalty for Violating Compliance Order and Misleading Small Businesses

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On September 30, the Federal Trade Commission (FTC) announced a $5.7 million settlement with Dun & Bradstreet, resolving allegations that the global provider of business-decisioning data and analytics, violated a prior 2022...more

Orrick, Herrington & Sutcliffe LLP

SBA waives loan fees for small manufacturers in FY 2026

On September 18, the SBA announced that it would waive most upfront fees for small manufacturers in fiscal year 2026. For 7(a) manufacturing loans of up to $950,000, the SBA will charge no upfront fee. For loans pertinent to...more

Orrick, Herrington & Sutcliffe LLP

District court stays CFPB’s Small Business Lending Rule again

On September 9, the U.S. District Court for the Eastern District of Kentucky stayed a case challenging the CFPB’s Small Business Lending Rule until December 1, 2025, while the CFPB conducts new rulemaking which could render...more

Whiteford

Client Alert: SBA Proposes New Rule To Increase Receipts-Based Size Standards

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Do you have clients that are classified as small businesses? Small business classifications are determined by the SBA under what are called “North American Industry Classification System (NAICS) codes.” The first two...more

Troutman Pepper Locke

SBA Orders Small Business Lenders to End Debanking Practices Pursuant to President Trump’s Executive Order

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On August 26, the U.S. Small Business Administration (SBA) took action to enforce President Trump’s directive by issuing a letter to its network of over 5,000 lenders. This letter mandates the cessation of alleged politicized...more

Holland & Knight LLP

CFPB Announces Updated Regulatory and Rulemaking Priorities

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The CFPB released its semiannual Unified Rulemaking Agenda update on Aug. 15, 2025, outlining its rulemaking initiatives. The CFPB releases regulatory updates twice per year reflecting the agency's plans to propose, finalize...more

Morgan Lewis

Kazakhstan Introduces Unified Register of State Support Measures for Private Entrepreneurship

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The Deputy Prime Minister – Minister of National Economy of the Republic of Kazakhstan recently adopted Order No. 55, which came into force on 6 July 2025. The order approves the Register of State Support Measures, which...more

Troutman Pepper Locke

From Banks to FinTech: The Evolution of Small Business Lending — The Consumer Finance Podcast

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In this special crossover edition of Payments Pros and The Consumer Finance Podcast, Carlin McCrory and Jason Cover are joined by their colleague Caleb Rosenberg to explore the evolving landscape of small business financing....more

Troutman Pepper Locke

From Banks to FinTech: The Evolution of Small Business Lending — Payments Pros – The Payments Law Podcast

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In this special crossover edition of the Payments Pros and Consumer Finance podcasts, Carlin McCrory and Jason Cover are joined by their colleague Caleb Rosenberg to explore the evolving landscape of small business financing....more

Nutter McClennen & Fish LLP

Nutter Bank Report: June 2025

The Federal Reserve has announced that the agency will no longer assess reputational risk when examining banks’ risk management processes. According to the June 23 announcement, the Federal Reserve has already begun reviewing...more

Holland & Knight LLP

CFPB Launches Additional Rulemaking, Procedural and Administrative Changes

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The CFPB has continued to announce additional procedural, rulemaking and administrative changes, with the latest being three postings to the Federal Register on June 18, 2025: 1) a final rule rescinding the Procedure Relating...more

GeoDataVision

2025 Section 1071 Interim Final Rule: What It Says. Who is Affected. Problems Created. What Lenders Should Do

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On June 18, 2025, the CFPB published its 2025 Section 1071 Interim Final Rule. Lenders covered by the 2024 Section 1071 Interim Final Rule should know what the 2025 Rule is changing, how it affects them and what they can and...more

Cooley LLP

CFPB Issues Interim Final Rule Extending Small Business Lending Rule Compliance Deadlines

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The Consumer Financial Protection Bureau (CFPB) recently issued an interim final rule (2025 interim final rule) delaying compliance deadlines for a second time for its small business lending data collection rule, which...more

Fox Rothschild LLP

Franchisors, Take Notes: New Developments and Compliance Process for the 2025 SBA Franchise Director

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The SBA Franchise Directory is officially back online from June 1, 2025, and with it comes a series of critical updates for franchisors and franchisees discussed in the virtual briefing led by Stephen Olear, Senior Franchise...more

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