Credit union trade organizations are pressing the Consumer Financial Protection Bureau to limit the scope of data they provide on business loan applications used by regulators to determine whether lenders are discriminating against women and minorities.

CUNA and NAFCU are responding to the bureau’s request Wednesday for comments over the next 60 days before it drafts regulations to comply with the Dodd-Frank Act’s Section 1071 provisions to create reporting frameworks to monitor small business lending to women and minorities.

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Jim DuPlessis

A journalist for decades.

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