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Small Business Loan Data Still Missing | Durham News
Sixteen years after Dodd-Frank aimed to track small business lending, not a single data point was ever collected—until now. A 2023 attempt collapsed in court, but the Consumer Financial Protection Bureau rolled out a watered-down version that excludes merchant cash advances, agricultural loans, and all loans under $1,000. The reporting threshold jumped from 100 to 1,000 transactions, and small business revenue caps tightened from $5M to $1M. Only about 2% of non-depository lenders are now covered, despite these institutions handling nearly 40% of small business loans. The Bureau claims 92-93%…
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