{"id":253928,"date":"2025-05-21T16:36:02","date_gmt":"2025-05-21T20:36:02","guid":{"rendered":"https:\/\/ncrc.org\/?p=253928"},"modified":"2025-05-21T16:36:08","modified_gmt":"2025-05-21T20:36:08","slug":"cfpb-says-it-wont-enforce-small-biz-data-collection-rule","status":"publish","type":"post","link":"https:\/\/ncrc.org\/cfpb-says-it-wont-enforce-small-biz-data-collection-rule\/","title":{"rendered":"CFPB says it won\u2019t enforce small-biz data collection rule"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Banking Dive, May 2, 2025, <a href=\"https:\/\/www.bankingdive.com\/news\/cfpb-small-business-data-collection-rule-vought-ncrc-van-tol\/746990\/\" target=\"_blank\" rel=\"noopener\">CFPB Says It Won\u2019t Enforce Small-biz Data Collection Rule<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cThe CFPB can\u2019t simply gut rules by press releases on its whim,\u201d National Community Reinvestment Coalition CEO Jesse Van Tol told\u00a0<a href=\"https:\/\/www.americanbanker.com\/news\/trumps-cfpb-guts-rule-mandating-small-business-loan-data\" target=\"_blank\" rel=\"noopener\">American Banker<\/a>. \u201cNo court has ever said any part of the law is a problem.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cThe CFPB is subverting the rule of law by telling the largest banks, credit unions and fintech companies they can ignore the small business lending rule,\u201d Van Tol said in a\u00a0<a href=\"https:\/\/ncrc.org\/van-tol-trump-administrations-small-business-loan-data-blackout-abandons-rule-of-law\/\">statement Thursday<\/a>. \u201cWhile they disingenuously frame their total disrespect for the law as a matter of fairness, failing to enforce Section 1071 rules will in fact prevent transparency for the public, shield financial institutions from unfair practices coming to light, and delay prosperity for small businesses.\u201d<br><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Banking Dive, May 2, 2025, CFPB Says It Won\u2019t Enforce Small-biz Data Collection Rule \u201cThe CFPB can\u2019t simply gut rules by press releases on its whim,\u201d National Community Reinvestment Coalition CEO Jesse Van Tol told\u00a0American Banker. \u201cNo court has ever said any part of the law is a problem.\u201d \u201cThe CFPB is subverting the rule [&hellip;]<\/p>\n","protected":false},"author":4234,"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":"","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":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center 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Chamoun","author_link":"https:\/\/ncrc.org\/author\/pchamoun\/"},"uagb_comment_info":0,"uagb_excerpt":"Banking Dive, May 2, 2025, CFPB Says It Won\u2019t Enforce Small-biz Data Collection Rule \u201cThe CFPB can\u2019t simply gut rules by press releases on its whim,\u201d National Community Reinvestment Coalition CEO Jesse Van Tol told\u00a0American Banker. \u201cNo court has ever said any part of the law is a problem.\u201d \u201cThe CFPB is subverting the rule&hellip;","_links":{"self":[{"href":"https:\/\/ncrc.org\/wp-json\/wp\/v2\/posts\/253928","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\/4234"}],"replies":[{"embeddable":true,"href":"https:\/\/ncrc.org\/wp-json\/wp\/v2\/comments?post=253928"}],"version-history":[{"count":0,"href":"https:\/\/ncrc.org\/wp-json\/wp\/v2\/posts\/253928\/revisions"}],"wp:attachment":[{"href":"https:\/\/ncrc.org\/wp-json\/wp\/v2\/media?parent=253928"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ncrc.org\/wp-json\/wp\/v2\/categories?post=253928"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ncrc.org\/wp-json\/wp\/v2\/tags?post=253928"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}