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CFPB RIN: 3170-AA09 Publication ID: Spring 2022 
Title: Small Business Lending Data Collection Under the Equal Credit Opportunity Act 
Abstract:

Section 1071 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) amended the Equal Credit Opportunity Act (ECOA) to require, subject to rules prescribed by the Bureau, financial institutions to report information concerning credit applications made by women-owned, minority-owned, and small businesses. On October 8, 2021, a Notice of Proposed Rulemaking (NPRM) was published in the Federal Register.  The Bureau’s next action for the section 1071 rulemaking is the issuance of a final rule.

 
Agency: Consumer Financial Protection Bureau(CFPB)  Priority: Other Significant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Final Rule Stage 
Major: Undetermined  Unfunded Mandates: No 
CFR Citation: 12 CFR 1002   
Legal Authority: 15 U.S.C. 1691c-2   
Legal Deadline:  None
Timetable:
Action Date FR Cite
Request for Information  05/15/2017  82 FR 22318   
Request for Information Comment Period End  09/14/2017 
SBREFA Outline  09/15/2020 
Pre-Rule Activity--SBREFA Report  12/14/2020 
NPRM  10/08/2021  86 FR 56356   
NPRM Comment Period End  01/06/2022 
Final Rule  03/00/2023 
Regulatory Flexibility Analysis Required: Yes  Government Levels Affected: Undetermined 
Small Entities Affected: Businesses  Federalism: Undetermined 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: Yes 
Agency Contact:
Kristine Andreassen
Office of Regulations
Consumer Financial Protection Bureau
Washington, DC 20552
Phone:202 435-7700