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Action required CFPB Aug 14, 2026

Final Rule Revising Small Business Lending Rule under Regulation B (Section 1071)

The CFPB finalized revisions to the small business lending rule under Regulation B on May 1, 2026, which requires additional data collection from lenders.

The CFPB finalized revisions to the small business lending rule under Regulation B on May 1, 2026, which requires additional data collection from lenders.

What changed

New data points were added for improved transparency and reporting in small business lending.

Compliance perspective

Lenders must adjust their data collection and reporting processes to comply with the new requirements before the effective date.

Key date

Effective date: May 1, 2026.

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