Policy

Small Business Lending Under the Equal Credit Opportunity Act (Regulation B)

It is a federal regulation, specifically Regulation B, that implements the Equal Credit Opportunity Act for small business lending. It prohibits creditors from discriminating against credit applicants on the basis of race, color, religion, national origin, sex, marital status, or age.

Why it’s in the news: It is in the news now because the Consumer Financial Protection Bureau is actively examining and enforcing this regulation to combat discrimination in small business lending.

Latest on Small Business Lending Under the Equal Credit Opportunity Act (Regulation B)

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