CFPB sets final compliance dates for small business lending data rules
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Table of Contents
The Consumer Financial Protection Bureau has published a final rule confirming new deadlines for banks and other lenders to collect and report specific data on small business loans. This action resolves the timing of when financial institutions must comply with requirements originally established in 2023 but delayed due to ongoing lawsuits.
Why it matters: This establishes the fixed date by which financial institutions must adjust their internal processes to meet federal reporting standards. For lenders, it means updating systems and training staff within a known timeframe rather than facing immediate enforcement or indefinite delay. It also clarifies that while some courts have paused parts of the rule for specific plaintiffs, the Bureau is moving forward with a uniform schedule for everyone else.
Who it affects
- Banks and credit unions that make loans to small businesses
This summary is based on the CFPB’s final rule published in the Federal Register on October 2, 2025; readers should consult the full text of the rule for specific regulatory language.
Agency: Consumer Financial Protection Bureau
Source: Federal Register — read the official document