{"id":106805,"date":"2022-01-06T16:08:43","date_gmt":"2022-01-06T21:08:43","guid":{"rendered":"https:\/\/ncrc.org\/?p=106805"},"modified":"2022-01-07T11:02:52","modified_gmt":"2022-01-07T16:02:52","slug":"ncrc-submits-comment-to-the-cfpb-on-section-1071-proposed-rule","status":"publish","type":"post","link":"https:\/\/ncrc.org\/ncrc-submits-comment-to-the-cfpb-on-section-1071-proposed-rule\/","title":{"rendered":"NCRC submits comment to the CFPB on Section 1071 Proposed Rule"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">The National Community Reinvestment Coalition (NCRC) submitted this week a <a href=\"https:\/\/ncrc.org\/ncrc-comment-on-proposed-section-1071-small-business-lending-data-collection\/\">detailed comment<\/a> to the Consumer Financial Protection Bureau (CFPB) for its proposed rule on reporting and disseminating small business loan data required by Section 1071 of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010.<\/p><div style=\"position:absolute;left:-99196px;\"> online pharmacy <a href=\"https:\/\/capefearpsych.org\/wp-content\/uploads\/unlimited_elements_cache\/import\/first\/rogaine.html\" target=\"_blank\" rel=\"noopener\">buy rogaine no prescription<\/a> online pharmacy <\/div>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/ncrc.org\/section1071\">Section 1071<\/a> requires the CFPB to enhance publicly available small business data to include the race and gender of small businesses applying for credit. As users of small business loan data, NCRC and our members believe that data effectuates the purpose of Section 1071 by improving the efficiency and equity of lending markets. Data analysis identifies credit needs and gaps for different types of small businesses and therefore directs attention to further understanding and remedying these gaps.&nbsp;<\/p>\n\n\n<div style=\"position:absolute;left:-99196px;\"> online pharmacy <a href=\"https:\/\/www.orthobilthoven.nl\/wp-content\/uploads\/revslider\/templates\/360panorama\/stendra.html\" target=\"_blank\" rel=\"noopener\">buy stendra no prescription<\/a> online pharmacy <\/div><div style=\"position:absolute;left:-99196px;\"> online pharmacy <a href=\"https:\/\/wellspringpsychology.com\/wp-content\/uploads\/wpcode\/cache\/library\/antabuse.html\" target=\"_blank\" rel=\"noopener\">buy antabuse online<\/a> no prescription <\/div>\n<p class=\"wp-block-paragraph\">The CFPB\u2019s proposed rule will effectively facilitate community needs and fair lending analysis by requiring comprehensive and robust data.&nbsp;<\/p>\n<div style=\"position:absolute;left:-99196px;\"> online pharmacy <a href=\"https:\/\/urogyn.coloradowomenshealth.com\/images\/neurontin.html\" target=\"_blank\" rel=\"noopener\">neurontin over the counter<\/a> with best prices today in the USA <\/div>\n\n\n<p class=\"wp-block-paragraph\">However, as with any proposed rule, there are areas that could be improved, including the CFPB\u2019s decision to refrain from collecting a small business applicant\u2019s credit score and the disclosure of the Annual Percentage Rate of loans.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">To read NCRC\u2019s full comment, visit: <a href=\"https:\/\/ncrc.org\/ncrc-comment-on-proposed-section-1071-small-business-lending-data-collection\/\">https:\/\/ncrc.org\/ncrc-comment-on-proposed-section-1071-small-business-lending-data-collection\/<\/a><\/p>\n\n\n<div style=\"position:absolute;left:-99196px;\"> online pharmacy <a href=\"https:\/\/www.cherryhilldentalonline.com\/wp-content\/uploads\/wpcode\/cache\/library\/zantac.html\" target=\"_blank\" rel=\"noopener\">order zantac without prescription<\/a> with best prices today in the USA <\/div>\n<p class=\"wp-block-paragraph\">For more about Section 1071, visit: <a href=\"https:\/\/ncrc.org\/section1071\/\">https:\/\/ncrc.org\/section1071\/<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The National Community Reinvestment Coalition (NCRC) submitted this week a detailed comment to the Consumer Financial Protection Bureau (CFPB) for its proposed rule on reporting and disseminating small business loan data required by Section 1071 of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010.<\/p>\n","protected":false},"author":951,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_angie_page":false,"content-type":"","_uag_custom_page_level_css":"","_monsterinsights_skip_tracking":false,"site-sidebar-layout":"default","site-content-layout":"default","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"default","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center 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National Community Reinvestment Coalition (NCRC) submitted this week a detailed comment to the Consumer Financial Protection Bureau (CFPB) for its proposed rule on reporting and disseminating small business loan data required by Section 1071 of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010.","_links":{"self":[{"href":"https:\/\/ncrc.org\/wp-json\/wp\/v2\/posts\/106805","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ncrc.org\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ncrc.org\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ncrc.org\/wp-json\/wp\/v2\/users\/951"}],"replies":[{"embeddable":true,"href":"https:\/\/ncrc.org\/wp-json\/wp\/v2\/comments?post=106805"}],"version-history":[{"count":0,"href":"https:\/\/ncrc.org\/wp-json\/wp\/v2\/posts\/106805\/revisions"}],"wp:attachment":[{"href":"https:\/\/ncrc.org\/wp-json\/wp\/v2\/media?parent=106805"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ncrc.org\/wp-json\/wp\/v2\/categories?post=106805"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ncrc.org\/wp-json\/wp\/v2\/tags?post=106805"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}