📊SBA Seeks Comments on Fair Banking Data Collection Process
Data Collection Available for Public Comments
Summary
The Small Business Administration (SBA) intends to request approval from the Office of Management and Budget (OMB) for the collection of information described below. The Paperwork Reduction Act (PRA) requires federal agencies to publish a notice in the Federal Register concerning each proposed collection of information before submission to OMB, and to allow 60 days for public comment in response to the notice. This notice complies with that requirement.
Agencies
- Small Business Administration
Business Impact
$$ - Med
The SBA's request for public comments regarding the data collection on compliance with the Fair Banking Executive Order indicates potential regulatory impacts on SBA lenders. Business owners should monitor this for compliance and reporting requirements, which could affect their operations and access to financial services.