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Texas bank, trade group sue CFPB over small-business data collection rule (from http://www.bing.com/news/apiclick.aspx?ref=FexRss&aid=&tid=644e3a0a72c749d581cd4a2751a4dc68&url=https%3a%2f%2fwww.bankingdive.com%2fnews%2ftexas-bank-trade-group-rio-lawsuit-cfpb-small-business-data-collection-rule%2f648831%2f&c=2867579730203341954&mkt=en-us)
Requiring lenders to gather data on borrowers, including those from nonwhite-, LGBTQ+- and women-owned small businesses, would eliminate small lenders from the market, plaintiffs argued.