Banking industry loses challenge to CFPB small business loan rule

Consumer Financial Protection Bureau News

Banking industry loses challenge to CFPB small business loan rule
Randy Crane5Th U.S. Circuit Court Of AppealsDemographic Data
  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 39 sec. here
  • 11 min. at publisher
  • 📊 Quality Score:
  • News: 50%
  • Publisher: 63%

A federal judge on Monday rejected a banking industry-backed challenge to a rule adopted by the U.S. Consumer Financial Protection Bureau that requires...

- A federal judge on Monday rejected a banking industry-backed challenge to a rule adopted by the U.S. Consumer Financial Protection Bureau that requires lenders to gather demographic data on small business borrowers.

The regulation requires lenders to gather and report to the agency data on small business loan applications, including whether the firms are owned by women or racial minorities. But Crane said the groups' arguments boiled down to a disagreement with the agency's determinations rather than a dispute over its statutory authority to adopt it at all.

Jonathan Rhys Meyers , Ashley Greene , Thomas Kretschmann and Praya Lundberg have signed on to star alongside Anthony Hopkins in Eyes in the Trees, a sci-fi thriller serving as a modern reimagining of H.G. Wells’ The Island of Doctor Moreau, on …SAN CARLOS, Calif., Aug. 26, 2024 -- Oportun today announced that it has been awarded a Top Workplaces 2024 honor by San Francisco Bay Area Top Workplaces.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

YahooFinanceCA /  🏆 47. in CA

Randy Crane 5Th U.S. Circuit Court Of Appeals Demographic Data Small Business U.S. Supreme Court American Bankers Association Federal Appeals Court Small Business Loan Industry Groups

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Banking industry loses challenge to CFPB small business loan ruleBanking industry loses challenge to CFPB small business loan ruleA federal judge on Monday rejected a banking industry-backed challenge to a rule adopted by the U.S. Consumer Financial Protection Bureau that requires...
Read more »

Longer-term consumer travel trends are 'healthy': Expedia CEOLonger-term consumer travel trends are 'healthy': Expedia CEOMany consumer brands have seen a slowdown in consumer spending as inflation remains high, but how is the travel sector faring under instances of consumer...
Read more »

Weakening dollar, existing home sales, consumer debt: Wealth!Weakening dollar, existing home sales, consumer debt: Wealth!Wealth! host Brad Smith helps investors round out their morning by talking with the top economists and Wall Street experts who will help them navigate the...
Read more »

Bentley bets big on hybrids and a younger luxury consumerBentley bets big on hybrids and a younger luxury consumerBritish luxury automaker Bentley is betting big on hybrids and going after a younger consumer.
Read more »

Peloton, Walmart-Burger King, BJ's: Consumer TrendsPeloton, Walmart-Burger King, BJ's: Consumer TrendsPeloton (PTON) experienced subscriber growth as consumers purchased pre-owned equipment and subscribed to plans. However, the refurbished inventory is no...
Read more »

The consumer isn't as healthy as we think: Fmr. Hudson Bay CEOThe consumer isn't as healthy as we think: Fmr. Hudson Bay CEOMajor retailers like Target (TGT) and Walmart (WMT) recently reported their second quarter earnings, giving more insight into how the consumer is faring...
Read more »



Render Time: 2025-02-13 01:35:15