TEXAS BANKERS ASSOCIATION CHALLENGES CFPB SMALL BUSINESS LENDING DATA RULE
The Texas Banker’s Association (“TBA”) filed suit against the Consumer Financial Protection Bureau (“CFPB”) in the U.S. District Court for the Southern District of Texas challenging the CFPB’s final rule implementing Section 1071 of the Consumer Financial Protection Act which will require banks collect and report information about small business credit applications. Texas Bankers Association vs. CFPB, No. 7:23-cv-00144 (S.D. Tex. Filed Apr. 26, 2023); see our Alert of March 28, 2023. Read More