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Cards Wire 3 segments
ABN American Bankers Association — newsroom Source document ↗
United States American Bankers Association — newsroom Conduct & Consumer ✓ 11 claims 13 Nov 2026

ABA asks CFPB to cut reporting burden on credit card terms survey

The American Bankers Association has written to the CFPB urging further changes to two credit card data collections, the Report of Terms of Credit Card Plans and the survey of consumer and college credit card agreements. The ask is practical: clearer per-field instructions, an editing tool, and the ability to correct submissions. A short item, but a useful read on how burden-reduction requests are framed.

  • The ABA asked the CFPB to add guidance on how to complete each data point in the Report of Terms of Credit Card Plans survey.
  • It recommended a tracker letting respondents edit data from the pre-submission overview page and correct or delete a prior submission after an error is found.
  • The ABA said the CFPB has already eliminated data elements that required issuers to report beyond what the Truth in Lending Act mandates.
  • On the consumer and college credit card agreements survey, the ABA said each submission still requires approximately 85 person-hours.
Source document
ABN American Bankers Association — newsroom Source document ↗
United States American Bankers Association — newsroom Conduct & Consumer ✓ 16 claims 12 Nov 2026

US banking agencies report decline in small-business and small-farm lending for 2025

The Federal Reserve, FDIC and OCC have published their joint annual report on lending data collected under the Community Reinvestment Act for 2025. It is a snapshot of small-business, small-farm and community development lending by CRA-reporting institutions, showing fewer loans by count but higher dollar volumes across several categories.

  • 720 lenders reported small-business and small-farm loans of $1 million or less for 2025, down from 732 in 2024.
  • About 9 million small-business loans worth more than $291 billion were reported; counts fell 1.6% while origination dollars rose 4.7%.
  • Roughly 198,000 small-farm loans totaling about $15.6 billion were reported, with dollar volume up 7.5% year on year.
  • Community development lending reported by 731 institutions reached nearly $185 billion, a 35% increase from 2024.
  • The mandatory reporting asset threshold was $1.609 billion in 2025.
Source document
ABN American Bankers Association — newsroom Source document ↗
United States American Bankers Association — newsroom Conduct & Consumer ✓ 6 claims 22 Oct 2026

ABA submits banker FAQs on CFPB's revised small-business lending data rule

The American Bankers Association has sent the CFPB a list of banker questions about implementing the bureau's revised small-business lending data rule under Section 1071. The briefing covers what the FAQs ask and the rule's contested history, useful for compliance teams preparing for data collection.

  • ABA submitted the FAQs on October 19, 2026, asking CFPB to address them in implementation materials.
  • The questions cover timing of the filing instructions guide, rounding rules, examiner guidance, and gross annual revenue in underwriting.
  • The underlying rule implements Section 1071 of the Dodd-Frank Act, requiring small-business lending data reporting.
  • CFPB issued the revised rule earlier in 2026 after legal challenges including a lawsuit from ABA and the Texas Bankers Association.
Source document