No, the CFPB’s rule that will require financial institutions to collect and report information on small business loan applicants — with a particular focus on applications and loans related to minority- and women-owned firms — has not yet been finalized. The CFPB released a request for information earlier this year, but the rule currently remains in the “pre-rule” stage.

For resources related to our guidance, please see:

• CFPB Request for Information, 82 Fed. Reg. 22318 (June 15, 2017)

• CFPB Agency Rule List (2017) (Classifying Business Lending Data as in the pre-rule stage)