Federal lawsuit says CFPB should collect data on business-loan applications from women and minorities

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Federal lawsuit says CFPB should collect data on business-loan applications from women and minorities – They point to research saying minority-owned businesses have been missing out on capital and credit at fair terms to boost their businesses. received 2.3% of the Small Business Administration’s.

Small Business Loan Data:. women and minorities. The largest database currently available, the Community. Likewise, the CFPB should collect data on creditworthiness for small businesses since creditworthiness is an important issue in small business

loans, the small business data collectionrule the CFPB will be developing must accommodate a wide variety of business lending products and models. We encourage financial institutions to identify the various types of business lending in which they engage and begin to assess how the small business data collection rule could affect each

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Personal Loans For Realtors Federal lawsuit says CFPB should collect data on business-loan applications from women and minorities – A federal agency at the time, the Home Owners’ Loan Corporation, was tasked with assessing metropolitan areas nationwide for the risk associated with real-estate investments. Andrew Keshner is a.

The 2010 Dodd Frank Act, a federal law passed in the aftermath of the 2008 market collapse, requires lenders to compile information on applications and actions taken on loan requests. The California.