ABA Economic Research Releases Blog Post Examining Ramifications of the CFPBs 1071 Rule on Small Business Lending

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The proposed implementation of Section 1071 of the Dodd-Frank Act (DFA), which requires reporting of detailed data on small business lending, will have far-reaching implications for how lenders approach their small business credit decisions. Promoting access to capital to minority and women-owned small businesses is a worthwhile public policy goal, but it is increasingly evident that achieving that goal through regulatory reporting would simultaneously increase borrowing costs for all small businesses. This staff analysis illustrates the importance of a dynamic banking system for small business lending, examines deficiencies in the bureau’s 1071 regulatory analysis, and warns of some of the unintended consequences associated with this rulemaking.

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Small Business
Section 1071 Rulemaking
Dodd-Frank Wall Street Reform and Consumer Protection Act

ABA Economic Research Releases Blog Post Examining Ramifications of the CFPBs 1071 Rule on Small Business Lending

In Depth

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