Removing Barriers Blog

CFPB Survey on Small Business Credit

The CFPB has launched a survey of institutions offering small business credit products to determine potential one-time costs associated with complying with Section 1071 of the Dodd Frank Act. Section 1071 requires the Bureau to establish a new data collection regime for financial institutions to compile, maintain, and report certain information about applications for credit made by women-owned, minority-owned, and small businesses. 

The survey can be found here on the Bureau’s website and will remain open until October 1, 2020.