Gov’t to start looking for bias in some lending
NEW YORK — Banks will need to start reporting the demographics and income of small business loan applicants under new rules published by the Consumer Financial Protection Bureau on Thursday. It’s a move that policymakers hope will lead to less discrimination and more transparency in the small business lending market in a similar way other laws have regulated the residential mortgage market for decades.
BUSINESS
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2023-03-31T07:00:00.0000000Z
2023-03-31T07:00:00.0000000Z
https://avpress.pressreader.com/article/282136410673957
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