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CFPB won’t make small business reporting rule a priority

Summary by LexBlog
The CFPB has announced it will not make enforcement of its rule requiring financial institutions to report their lending to women-owned, LGBTQI+-owned and minority-owned small businesses a priority. “The bureau takes this step in the interest of focusing resources on supporting hard-working American taxpayers, servicemen, veterans, and small businesses,” the bureau said, in announcing the move. “Even absent resource constraints, the Bureau would…
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LexBlog broke the news in on Tuesday, May 13, 2025.
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