From how-to articles, director training videos, key interviews with industry leaders and more, Bank Services provides bank executives and directors with the tools to help grow their financial institutions. To sign up for exclusive access to this online bank board resource, please contact Bank Services at 615-777-8461 or [email protected].
For Your Review
The New Small Business Lending Data Rule The Consumer Financial Protection Bureau recently finalized a rule requiring all lenders to collect demographic data on their small business borrowers. The most active lenders will have to comply with the rule beginning in October 2024. The basic intent of the rule is to increase transparency in small business lending, promote economic development and combat discrimination, according to the agency. It’s colloquially known as the Home Mortgage Disclosure Act (HMDA) for small businesses, based on similarities with that law’s data collection requirements. The new rule, which was codified in Section 1071 of the…
You have accessed a resource that is only available to our Bank Services members and Subscribers.
Read The Article
Magazine Subscribers please enter your email and password below.
BANK SERVICES members please login .
Join OUr Community
Bank Director’s annual Bank Services Membership Program combines Bank Director’s extensive online library of director training materials, conferences, our quarterly publication, and access to FinXTech Connect.
Become a MemberOur commitment to those leaders who believe a strong board makes a strong bank never wavers.