Small LENDER Act
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Small Lenders Exempt from New Data and Excessive Reporting Act or the Small LENDER Act
This bill exempts certain financial institutions and transactions from the Consumer Financial Protection Bureau (CFPB) reporting requirements with respect to data about small business credit applications.
Under the bill, the requirements apply only to financial institutions that originate at least 500 credit transactions to small businesses in each of the preceding two years. The bill further defines small businesses as those with annual revenue of $1 million or less.
Currently, the CFPB has proposed a rule that the requirements apply only to financial institutions that originate at least 25 annual credit transactions to small businesses in each of the preceding two years. The rule further defines small businesses as those with annual revenue of $5 million or less.
Referred to the House Committee on Financial Services.
- Introduced in House Formatted Text PDF Formatted XML
Cite this page
U.S. Congress. (2026). H.R. 1806: Small LENDER Act. 118th Congress. Open America. https://openamerica.io/bill/118-HR-1806/
"H.R. 1806: Small LENDER Act." 118th Congress, 2026, Open America, https://openamerica.io/bill/118-HR-1806/.
H.R. 1806, 118th Cong. (2026), https://openamerica.io/bill/118-HR-1806/.
[H.R. 1806: Small LENDER Act](https://openamerica.io/bill/118-HR-1806/)