Published 1 year ago

Gov't to start looking for bias in small business lending

Summary by WKMG

Banks will need to start reporting the demographics and income of small business loan applicants under new rules published by the Consumer Financial Protection Bureau on Thursday.It's a move that policymakers hope will lead to less discrimination and more transparency in the small business lending market, similar to how other laws have regulated the residential mortgage market for decades.Under the Dodd-Frank Act, Congress mandated the bureau to…

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Associated Press News

Gov't to start looking for bias in small business lending

1 year ago·United States

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abc News

Gov't to start looking for bias in small business lending

Banks will need to start reporting the demographics and income of small business loan applicants under new rules published by the Consumer Financial Protection Bureau on Thursday

1 year ago·United States

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KRDO

Gov't to start looking for bias in small business lending

By KEN SWEET AP Business Writer NEW YORK (AP) — Banks will need to start reporting the demographics and income of small business loan applicants under new rules published by the Consumer Financial Protection Bureau on Thursday.It’s a move that policymakers hope will lead to less discrimination and more transparency in the small business lending market in a similar way other laws have regulated the residential mortgage market for decades. The pos…

1 year ago·Colorado Springs, United States

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KIFI

Gov't to start looking for bias in small business lending

1 year ago·Idaho Falls, United States

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Winnipeg Free Press

Gov't to start looking for bias in small business lending

NEW YORK (AP) — Banks will need to start reporting the demographics and income of small business loan applicants under new rules published by the Consumer Financial Protection Bureau on […]

1 year ago·Winnipeg, Canada

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Financial Post

Gov't to start looking for bias in small business lending

NEW YORK (AP) -- Banks will need to start reporting the demographics and income of small business loan applicants under new rules published by the Consumer Financial Protection Bureau on Thursday.

1 year ago·Canada

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