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Supreme Court Seemed Likely to Side with CFPB During Hearing

by The Associated Press | Oct 4, 2023

A conservative group’s lawsuit against the agency is being closely watched in parts of the banking industry to see whether it undermines a controversial rule that would require lenders to collect and report anonymized data about the small businesses they lend to.

stack of blocks marked with office worker silhouettes on one side of a see-saw from a gold-colored block marked with coins

As Margins Shrink, Mass. Banks Wait for Clarity on Section 1071 Rule

by Nika Cataldo | Aug 20, 2023

A proposed bank regulation intended to highlight any existing racial discrimination in small business lending is being met with resistance by local and national banks who say their finances are under pressure.

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