Thank you for sharing!

Your article was successfully shared with the contacts you provided.
Small business loan application Source: Shutterstock

CUNA and NAFCU have asked a federal regulator to exempt small lenders and give others more time to comply with a new data collection rule designed to bolster enforcement of fair lending laws.

The CFPB is developing the rule under the direction of Congress, and the groups filed their comments on the last day of a three-month comment period.

Jim DuPlessis

A journalist for decades.

More from this author


Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times
Live Chat

Copyright © 2022 ALM Media Properties, LLC. All Rights Reserved.