• Home
  • News & Events
  • Calendar
  • Proposed policy statement with request for comment: Policy Statement on Prudent Commercial Real Estate Loan Accommodations and Workouts
Share This Page

Proposed policy statement with request for comment: Policy Statement on Prudent Commercial Real Estate Loan Accommodations and Workouts

AGENCY:

Office of the Comptroller of the Currency, Treasury; Federal Deposit Insurance Corporation; and National Credit Union Administration.

ACTION:

Proposed policy statement with request for comment.

SUMMARY:

The Bureau of Consumer Financial Protection (Bureau) is publishing for public comment a proposed rule amending Regulation B to implement changes to the Equal Credit Opportunity Act (ECOA) made by section 1071 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act). Consistent with section 1071, the Bureau is proposing to require covered financial institutions to collect and report to the Bureau data on applications for credit for small businesses, including those that are owned by women or minorities. The Bureau’s proposal also addresses its approach to privacy interests and the publication of section 1071 data; shielding certain demographic data from underwriters and other persons; recordkeeping requirements; enforcement provisions; and the proposed rule’s effective and compliance dates.

DATES:

Comments must be received by October 3, 2022.

Read the proposed policy statement with request for comment: 

  • October 3, 2022
  • Time: All Day
Download this calendar event

Other events in Comment Period