- 1The CFPB set a new compliance deadline of July 1, 2026 for small business lending data collection.
- 2The agency said in April it would rewrite the rules and not enforce them in the interim.
- 3The deadline assumes the rewrite is ready by then and there are no further delays.
The CFPB has formally paused compliance with its small business lending data collection rules, setting a new deadline of July 1, 2026. The rules had been due to take effect next month.
How the delay came about
In April the agency announced it planned to rewrite all of the rules and would not enforce them in the meantime. Covered parties were left wondering whether they still had to comply regardless of enforcement priorities. A Federal Register notice addressed that, moving the deadline to July 1, 2026. The date holds only if the rewritten rules are ready by then and there are no further delays; the agency had said in April it planned to rewrite the rules.
A long road
The data collection requirement comes from the 2010 Dodd-Frank Act, so the rules have already slipped by roughly fifteen years. Other priorities, politics, debates over the legislation's scope and endless litigation pushed back both rulemaking and compliance. During President Trump's first term there was even disagreement over what the CFPB should be called.
The law had previously been deemed applicable to both loans and merchant cash advances, and the rules had been codified in 888 pages of guidelines.
Source reporting: deBanked.
