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.
The Consumer Financial Protection Bureau has issued its long-awaited final rule to implement Section 1071 of the Dodd-Frank Act. Section 1071 amended the Equal Credit Opportunity Act.
Gov t to start looking for bias in small business lending - Netscape Money & Business netscape.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from netscape.com Daily Mail and Mail on Sunday newspapers.