The Wall Street Journal reports on the Consumer Financial Protection Bureau's consideration of a rule requiring lenders to provide detailed data on loan applications, in an effort to prevent discrimination against small businesses and businesses owned by women and minorities.
"To do that, the agency would require lenders to provide detailed data on loan applications, including the gender, race and ethnicity of the applicants. The agency, created in the wake of the financial crisis, already requires such data on mortgage applications. New rules would expand its scrutiny to banks and others making commercial loans."
The full WSJ article (subscription may be required) is here.
