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CFPB finalizes data-reporting rule for small-business lenders

The regulation mandated more than a decade ago to combat discrimination will make lenders provide data on approvals and denials of small-business loan applications, the cost of credit and demographics of borrowers.

CFPB issues final Section 1071 rule on small business data collection; Ballard Spahr to hold webinar on April 17 | Ballard Spahr LLP

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