Illinois Bankers Association

Illinois Bankers Association

The IBA Submits Comment Letter on CFPB’s Small Business Lending Data Proposal.

The IBA has submitted a comment letter to the CFPB on its proposed rule implementing the small business lending data collection requirements in Section 1071 of the Dodd–Frank Act. The IBA’s letter cites several concerns regarding the proposal’s burdensome requirements, which could significantly reduce the money and resources our members currently dedicate to small business lending. Read the IBA comment letter.

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