18 Jun 2025
🏦Compliance Dates Extended for Small Business Lending Rules
Small Business Lending Under the Equal Credit Opportunity Act (Regulation B); Extension of Compliance Dates
Summary
In light of court orders in ongoing litigation, the Consumer Financial Protection Bureau (CFPB or Bureau) is amending Regulation B to extend the compliance dates set forth in its 2023 small business lending rule, as amended by a 2024 interim final rule, and to make other date-related conforming adjustments.
Agencies
- Consumer Financial Protection Bureau
Business Impact
$$ - Med
The rule extends compliance dates for the 2023 small business lending requirements, impacting financial institutions' regulatory obligations and potentially delaying their implementation strategies. This affects business owners relying on credit as it influences loan availability and compliance costs.