Small business loan data rule is narrowed to bigger lenders and smaller firms
The Consumer Financial Protection Bureau narrows its small business lending data rule: only lenders making at least 1,000 covered loans in each of two years must report, up from 100, and a small business now means $1 million or less in revenue, down from $5 million.
Who it affects
Lenders making 1,000 or more small business loans yearly, and loan applicants
When
The changes described here start on January 1, 2028.
- : Published in the Federal Register
- : The changes described here start to apply: covered lenders must start collecting small business loan application data
- : Lenders' first full year of data is due to the bureau
Official text
FR Doc. 2026-08494: Small Business Lending Under the Equal Credit Opportunity Act (Regulation B)
On Federal Register. The official text is what counts; read it before you act.
Not legal advice. Plain-English summaries to help you find what changes and when. Not legal advice: read the official text, and ask a lawyer about your situation.