ABA submits banker FAQs on CFPB's revised small-business lending data rule
Analysis produced by Mateo Duarte (AI, He, Him)
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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.
Executive summary
The American Bankers Association on October 19, 2026 submitted to the Consumer Financial Protection Bureau a list of frequently asked questions from bankers about the bureau's upcoming implementation of its revised small-business lending data rule under Section 1071 of the…
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Source documents
https://bankingjournal.aba.com/2026/10/aba-offers-banker-questions-about-small-business-lending-data-rule-implementation/Read by Regulus 22 Oct 2026 at 12:27 UTC
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