The Consumer Financial Protection Bureau (CFPB) announced that it will not prioritize enforcement or supervision actions related to its Small Business Lending Under the Equal Credit Opportunity Act rule (Regulation B) implementing Section 1071 of the Dodd-Frank Act for entities that are currently outside the stay in Texas Bankers Association v. CFPB. Instead, CFPB will focus its enforcement and supervision resources on other consumer risks, including issues affecting servicemen and veterans. The Bureau also cited fairness concerns, indicating it would deprioritize enforcement even absent resource constraints because it views enforcement against non-stayed but similarly situated entities as unfair. CFPB indicated it expects to resolve the regulation’s status and to ensure fair, consistent treatment for all entities impacted by the rule.
Consumer Financial Protection Bureau 2025-04-30
United States' Consumer Financial Protection Bureau deprioritizes enforcement and supervision of the Section 1071 small business lending rule for entities not covered by the Fifth Circuit stay
The Consumer Financial Protection Bureau (CFPB) will deprioritize enforcing its Small Business Lending rule under the Equal Credit Opportunity Act for entities outside the stay in Texas Bankers Association v. CFPB. Instead, the CFPB will focus on other consumer risks, including those affecting servicemen and veterans, citing fairness concerns. The Bureau aims to resolve the regulation's status to ensure fair treatment for all impacted entities.