Office of Regulations

3170-AB40 202510 The Regulatory Plan and the Unified Agenda of Federal Regulatory and Deregulatory Actions 3170 Consumer Financial Protection Bureau CFPB Small Business Lending Data Collection Under the Equal Credit Opportunity Act Reconsideration

In May 2023, the Bureau published a final rule implementing section 1071 of the Dodd-Frank Wall Street Reform and Consumer Protection Act. The final rule, as modified by subsequent extensions of compliance dates, became effective on August 29, 2023. The Bureau issued a proposed rule to reconsider certain aspects of the May 2023 final rule. The comment period for that proposed rule closed on December 15, 2025. Further information on the procedural history of this rule is available under related RIN 3170-AA09, which pertains to the final rule the Bureau issued in May 2023.

]]> Economically Significant Previously Published in The Unified Agenda Final Rule Stage Undetermined No Deregulatory 12 CFR 1002 15 U.S.C. 1691c-2 Yes

The amendments as proposed would streamline the rule, reduce complexity for lenders, and improve data quality, advancing the purposes of section 1071 and complying with recent executive directives.

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15 U.S.C. 1691c-2.

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There are no appropriate alternatives as amendments to the current regulatory text are necessary.

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The Bureau estimates one-time costs savings from these amendments as proposed across all impacted financial institutions as well as total annual ongoing cost savings. Small businesses would primarily benefit from these amendments in the form of pass-through cost savings from financial institutions. Under the existing rule, financial institutions could benefit from transparency resulting from the collection of data; under these amendments as proposed, the reduction in the amount of data collected could result in the loss of these benefits to financial institutions. Some covered financial institutions also would incur one-time adjustment costs, for such entities that may have started implementing the existing rule. Further, to the extent that small businesses may derive fair lending and community development benefits from the data provided by the existing rule, the amendments as proposed would impose some unquantifiable cost on small businesses.

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To be determined.

]]> Compliance Date IFR 06/18/2025 90 FR 25874 Compliance Date IFR Finalization 10/02/2025 90 FR 47514 Reconsideration NPRM 11/13/2025 90 FR 50952 Comment Period Close Date 12/15/2025 Final Rule 07/00/2026 YES Businesses Undetermined No Yes No Lawrence Lee Office of Regulations 3170 Consumer Financial Protection Bureau CFPB 202 435-7700 1700 G Street NW, Washington DC 20552