The part of the Dodd-Frank Act, carried out in Regulation B subpart B, that will require larger lenders to collect and report data on credit requests from small businesses.
Section 1071 of the Dodd-Frank Act amended the Equal Credit Opportunity Act to require data on small business credit. The Consumer Financial Protection Bureau’s rule sits in Regulation B, subpart B, and was revised by a final rule published May 1, 2026.
As the rule now reads, a covered lender is one, other than a Farm Credit System lender, that originated at least 1,000 covered credit transactions for small businesses in each of the two preceding calendar years. A small business is one with gross annual revenue of $1 million or less in its preceding fiscal year. Excluded are loans already reported under HMDA, merchant cash advances, agricultural lending, trade credit and transactions of $1,000 or less. Covered lenders must begin on January 1, 2028. The compliance date has moved several times, so check the current text.
For each request, the lender records items such as the credit type and purpose, the amount requested, the action taken, the census tract, revenue, a three-digit industry code, time in business and details about the business’s owners.
For a borrower, nothing changes in how credit is decided. The effect comes later: a public record of small business lending by lender, which does not exist today.
How it shows up in the data here
No section 1071 data exists yet, so none is on this site: under the current rule the first lenders begin collecting on January 1, 2028. Until then, public loan-level data on business lending is limited to SBA loans. See SBA 7(a) lenders by loans made and loan comps for SBA 7(a). Bank business loan figures here are balances held, from call reports, shown on business lenders.
Go further
- SBA 7(a) lenders by loans made: The loan-level business lending data that exists today.
- Business lenders: Business loan balances held, by lender.
- How to read SBA 7(a) and 504 loan data: The SBA publishes the 7(a) and 504 loans it guarantees, lender by lender, every quarter. It is the best public record of who lends to small businesses, and it is easy to misread.
- What to do after a bank says no to a business loan: One bank's no is one lender's answer, and the reasons are yours to ask for. They usually point to a constraint you can name.
Related terms
- Regulation B: The federal rule, 12 CFR part 1002, that carries out the Equal Credit Opportunity Act: it bars credit discrimination on prohibited bases and sets notice rules, for business credit as well as consumer credit.
- Small business loan (CRA and call report definition): In bank reporting, a business loan with an original amount of $1,000,000 or less that is a commercial and industrial loan or is secured by nonfarm nonresidential real estate.
- Adverse action notice: The notice a lender must give under Regulation B when it refuses credit in substantially the amount or on the terms requested, with the reasons or the right to ask for them.
- Home Mortgage Disclosure Act (HMDA): The federal law that makes mortgage lenders collect and publish loan-level data on loans secured by a dwelling, including apartment buildings and 1-4 unit rentals.
- Legal Entity Identifier (LEI): A unique 20-character code, issued under the ISO 17442 standard, that identifies a legal entity anywhere in the world.
- SBA size standard: SBA's test that a business and its affiliates are small enough for a loan: the limit for its industry in 13 CFR 121.201, or an alternative of $20 million net worth and $6.5 million net income.
Sources
- Small Business Lending Under the Equal Credit Opportunity Act (Regulation B), final rule, 91 FR 23530, effective .
- 12 CFR 1002.104 to 1002.107, covered transactions, covered institutions, small business, reportable data, retrieved .
- 12 CFR 1002.114, Effective date, compliance date, and special transitional rules, retrieved .
Plain definitions for orientation, not legal, tax or credit advice. A lender's own policy decides what it will do.