- Stage
- In committee
- Started in
- House
- Sponsors
- 3
- Latest action
- Apr 10, 2025
What it does
The Bank Loan Privacy Act would require the Bureau of Consumer Financial Protection to issue a public rule, following advance notice and comment, before deleting or modifying certain small business loan data under the Equal Credit Opportunity Act. The rule must describe the intended modifications or deletions and explain how they advance a privacy interest. This requirement applies specifically to data handled under Section 704B(e)(4) of the Equal Credit Opportunity Act. The bill aims to increase transparency and accountability in how the Bureau manages sensitive small business loan information.
AI summary · The lawmakers haven’t published an official summary of this bill yet, so 52 wrote this one from the bill’s text.
Where it stands
Introduced (Done)
Committee (Current step)
Floor (Not started)
Law (Not started)
What moved
Who is involved
Sponsors
The lawmakers who put their names on it, lead sponsors first.
In the news
Reporting that may mention this subject. Possible matches are labeled.
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Where it goes next
While a bill can still move, the questions are about people and money.