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ARTICLE · 13 OCTOBER 2025

CFPB Extends Compliance Deadlines For Section 1071 Small Business Lending Rule

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On October 2, The CFPB finalized a rule extending the compliance deadlines for its 2023 Small Business Lending Data Collection Rule under the Equal Credit Opportunity Act (ECOA) and Regulation B.

United StatesCompliance
A.J. Dhaliwal
A.J. Dhaliwal
Mehul Madia
Mehul Madia
Maxwell Earp-Thomas
Maxwell Earp-Thomas
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On October 2, The CFPB finalized a rule extending the compliance deadlines for its 2023 Small Business Lending Data Collection Rule under the Equal Credit Opportunity Act (ECOA) and Regulation B. The final rule confirms the Bureau's June 2025 interim rule delaying implementation by approximately one year to align compliance timelines across institutions affected by federal court stays and ongoing litigation over the rule's validity.

The rule extends the compliance dates established under the 2023 Small Business Lending Rule, maintains the 12-month grace period, and makes minor technical corrections to Regulation B. Covered institutions must now begin collecting data between mid-2026 and late-2027, depending on origination volume, with initial filing deadlines in 2027 for larger lenders and in 2028 for smaller ones.

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