Small Business Loan Reporting

On October 8, 2021, the Consumer Financial Protection Bureau issued a proposed rule under § 1071 of the Dodd-Frank Act. Section 1071 of the Dodd-Frank Act requires the Bureau to issue rules to implement requirements to report on lending to small businesses, particularly minority- and woman-owned businesses.

On March 30, 2023, the Bureau released its small business loan reporting final rule which may require some MBA members to collect and report data on commercial real estate loans. The final rule excludes HMDA reportable loans and provides implementation timelines ranging from eighteen to thirty-three months. The Bureau has also provided materials and tools to help explain data requirements and filing instructions that can be found here. 

Read our summary comparison chart showing differences between the proposed and final rule. 

Read our Full Issue Brief