Morning Consult: CFPB’s Small-Business Lending Data Collection Rule Draws Community Bank Criticism
“If we would have had three to four years of data, I bet the disparity in lending to women- and minority-owned businesses would have been narrower,” said Josh Silver, a senior policy adviser at the National Community Reinvestment Coalition. The CFPB is moving forward with this rulemaking after a settlement reached last year with the California Reinvestment Coalition, part of the NCRC network.