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Small Business Lending

The regulation of small business lending, including the CFPB's Section 1071 rule, SBA lending, and state commercial financing disclosure laws.

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Analysis

CFPB's Final Rule on Small Business Lending Data (Section 1071)

May 4, 2026

On May 1, 2026, the CFPB published its final rule implementing section 1071 of the Dodd-Frank Act, the small business lending data collection and reporting rule (Final Rule or Rule). The rule is finalized largely as proposed, except that the final rule removes disaggregated data fields for race/ethnicity. While the final rule is effective June 30, 2026, the compliance date is January 1, 2028. This memorandum provides a brief overview of the Rule. This rule amends the 2023 small business lending data rule, which did not go into effect due to litigation and a change in administration. Under the...