LGBTQ Business Equal Credit Enforcement and Investment Act This bill requires financial institutions to report certain credit application data to the Consumer Financial Protection Bureau for the purposes of enforcing fair lending laws. Specifically, financial institutions must report this data regarding lesbian-, gay-, bisexual-, transgender-, or queer-owned businesses. Currently, this data is reported regarding women-owned, minority-owned, and small businesses.
Banking and financial institutions regulationBusiness investment and capitalBusiness recordsConsumer creditCredit and credit marketsSex, gender, sexual orientation discriminationSmall business
LGBTQ Business Equal Credit Enforcement and Investment Act
USA117th CongressHR-1659| House
| Updated: 3/8/2021
LGBTQ Business Equal Credit Enforcement and Investment Act This bill requires financial institutions to report certain credit application data to the Consumer Financial Protection Bureau for the purposes of enforcing fair lending laws. Specifically, financial institutions must report this data regarding lesbian-, gay-, bisexual-, transgender-, or queer-owned businesses. Currently, this data is reported regarding women-owned, minority-owned, and small businesses.
Banking and financial institutions regulationBusiness investment and capitalBusiness recordsConsumer creditCredit and credit marketsSex, gender, sexual orientation discriminationSmall business