CFPB’s Rulemaking Agenda Provides Glimpse into 2020
Consumer Financial Services Law
JANUARY 7, 2020
Photo by Michael Longmire on Unsplash The CFPB’s 2020 Rulemaking Agenda provides a preview of the Bureau’s intended rulemaking activities for 2020. Here are the highlights of what we can look forward to in 2020: Business Lending Data (Pre-rule Stage): Under Dodd Frank and the Equal Credit Opportunity Act, the CFPB has rulemaking authority to require lenders to collect and submit data concerning credit applications made by women-owned, minority-owned and small businesses.
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