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

the Bureau “shall seek to implement and. enforce Federal. as what data the Bureau collects, where data come from, how data are. makes a recommendation to the CDO as to whether the data should be.. CFPB Litigation Files. applications for loans by small businesses and minority-owned and.

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

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In court filings, District Judge John C. coughenour estimated 10 days would be needed. The couple later filed a federal suit, alleging RESPA was triggered by their. The Consumer Financial Protection Bureau (CFPB) is asking that a lawsuit. to collect and disclose data on lending to women-owned, minority- owned and.

CFPB sued for not collecting data on business lending to women, minorities. to women- and minority-owned small businesses as required by federal law.. to collect and publish the data but the bureau has not done so, the lawsuit said.. Apps · Newsletters · Advertise with Us · Advertising Guidelines.

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The Consumer Financial Protection Bureau (CFPB) is an agency of the United States government responsible for consumer protection in the financial sector. CFPB's jurisdiction includes banks, credit unions, securities firms, payday.. The CFPB would have been renamed the "Financial Product Safety Commission". The bill.

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CFPB Hears Growing Calls to Draft Business Loan Data Rule. CFPB Hears Growing Calls to Draft Business Loan Data Rule By. Joe Adler; Published.. the new requirements include that lenders compile records on loan applications by women- and minority-owned, and small businesses..

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On July 21, 2010, the Dodd-Frank Act established the CFPB to regulate the offering and provision of consumer products or services under federal consumer financial law. The CFPB is authorized under the act to enforce federal consumer financial law through judicial actions and administrative adjudication proceedings.