CFPB begins checking credit access for women and minority businesses

The Consumer Financial Protection Bureau is taking the beginning steps of looking into the financing needs of small businesses. Under Dodd-Frank Act, the CFPB is required to collect data about small business lending to help identify needs and opportunities in the market. However, the timing for the request is interesting given the House Financial Services Committee recently published a blog bashing the bureau’s lack of initiative on this requirement.

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