Rule lifecycle · DOCKET:CFPB-2024-0018
Small Business Lending Under the Equal Credit Opportunity Act (Regulation B); Extension of Compliance Dates; Correction
Consumer Financial Protection Bureau — observed across 2 documents over 78 days. Use the source documents below before deciding whether this affects your business.
In plain English
Federal regulators extended the deadline for banks and lenders to follow new rules that prevent discrimination when they review small business loan applications. Small business owners and lenders need to verify the new timeline with their banks and update their processes to comply with these fair-lending rules.
First seen
Jul 3, 2024
Last seen
Sep 19, 2024
Latest stage
Rule
PRORULE → RULE
—
Effective on
Thursday, September 19, 2024
Stage timeline
Final·Jul 3, 2024
Small Business Lending Under the Equal Credit Opportunity Act (Regulation B); Extension of Compliance Dates
effective Aug 2, 2024#2024-14396
Final·Sep 19, 2024
Small Business Lending Under the Equal Credit Opportunity Act (Regulation B); Extension of Compliance Dates; Correction
effective Sep 19, 2024#2024-21265