On March 30, 2023, the Consumer Financial Protection Bureau (CFPB) issued the long-awaited final version of its rules on Small Business Lending under the Equal Credit Opportunity Act. The new rule imposes significant burdens and risks on lenders, including the need for major operational changes and possible fair lending issues, and will likely result in significant amounts of loan-related data being made public. Join Buchalter attorneys Stephanie Shea, Michael Flynn, and Brett Voets, as they dive into the changes made and what that means for your bank.
