Small Business Lending Under the Equal Credit Opportunity Act (Regulation B)
CFPB proposes revisions to Regulation B to implement changes to the Equal Credit Opportunity Act for small business lending, including auto dealers. The rule would require data collection on credit applications from small businesses, including demographic information, and could affect how dealers evaluate and report lending decisions.
Aforeworn detected this change in the Auto Dealer F&I Compliance space on July 6, 2026 and published this briefing so affected operators are forewarned rather than caught off guard. It is rated High urgency. Franchise dealers, independent used-car dealers, BHPH dealers, F&I managers should confirm how it applies to their specific situation before acting. There is a time constraint attached: Comment period ends 60 days after publication in Federal Register (likely January 12, 2026).. Acting after that point can mean penalties, a lapsed licence, or lost eligibility — exactly the kind of surprise Aforeworn exists to prevent. Aforeworn monitors Auto Dealer F&I Compliance continuously and turns every detected change into a plain-English briefing like this one, so you always know first. Forewarned is forearmed.
What changed
Proposed rule would require auto dealers that originate small business loans to collect and report data on credit applications, including race, sex, and ethnicity of principal owners, as well as pricing information. This expands existing ECOA requirements to small business lending.
Who it affects
Franchise dealers, independent used-car dealers, BHPH dealers, F&I managers
What you must do
Review current lending practices for small business credit applications, prepare to implement data collection systems, and submit comments to the CFPB before the deadline.
Deadline
Comment period ends 60 days after publication in Federal Register (likely January 12, 2026).
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