CFPB Updates ECOA Issues Related to PPP

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kgoulart@ibat.org
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CFPB Updates ECOA Issues Related to PPP

The Bureau has issued an FAQ document that addresses when creditors must provide notification of action taken under the Equal Credit Opportunity Act (ECOA) and Regulation B to Small Business Administration (SBA) Paycheck Protection Program (PPP) applicants affected by the COVID-19 pandemic.  

You can access the FAQs here: https://www.consumerfinance.gov/about-us/newsroom/cfpb-issues-clarifications-support-small-business-applying-ppp-loans/

 

Kelly Goulart  - Regulatory Compliance Manager

Direct = 512-275-2231  Email = kgoulart@ibat.org