Promoting Fair Lending to Small Businesses Act

Summary

Promoting Fair Lending to Small Businesses Act This bill requires the Consumer Financial Protection Bureau (CFPB) to require reports from and conduct periodic examinations of certain nondepository business lenders. Specifically, the CFPB must assess these lenders' compliance with fair lending laws, obtain information about compliance systems or procedures, and detect risks to small businesses and to minority- and women-owned businesses. Under the bill, nondepository lenders include financial institutions that are not banks or credit unions but that are required to report under certain fair lending laws.

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Timeline

1. 31 March 2022

   Introduced

   Referred to the House Committee on Financial Services.

   Source: IntroReferral

2. 31 March 2022

   Introduced

   Introduced in House

   Source: IntroReferral

3. 31 March 2022

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 31 March 2022 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 31 March 2022

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 31 March 2022

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 31 March 2022

  Open at official source

Sponsors

• Rep. Velázquez, Nydia M. [D-NY-7] · D · Sponsor
• · hsba00 · Standing

Related records

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