The CFPB has proposed to extend the compliance deadline of its Small Business Lending Rule implementing the Equal Credit Opportunity Act, which requires that certain financial institutions collect and report to the CFPB certain data regarding applications for credit for women-owned, minority-owned, and small businesses. The Bureau is extending the deadline primarily to better align the new compliance dates with current court-ordered stays delaying the rule and to provide time for the CFPB to “issue a new proposal to reconsider certain aspects of the 2023 final rule.”