S. 557In Committee
1071 Repeal to Protect Small Business Lending Act
Repeals the requirement that financial institutions collect and report small business loan application data, including demographic and geographic information, to the Consumer Financial Protection Bureau
Plain-English overview
What this bill does
Repeals the requirement that financial institutions collect and report small business loan application data, including demographic and geographic information, to the Consumer Financial Protection Bureau
Key points
- Repeal small business loan data collection requirements
- Repeal CFPB reporting requirements
Current status
Where it stands
Status
In Committee
Latest action
2025-02-12 — Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Related context
Topics and policy areas
undefinedBanking and financial institutions regulationConsumer creditFinance and Financial SectorSmall business