SBA Advocacy Financial Issues Roundtable

The SBA Office of Advocacy will host a Small Business Roundtable on August 4, 2017 from 10:00 A.M until 12 noon on Section 1071 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act).  Section 1071 amends the Equal Credit Opportunity Act (ECOA) to require financial institutions to compile, maintain, and report information concerning credit applications made by women-owned, minority-owned, and small businesses. On May 15, 2017, the Consumer Financial Protection Bureau’s (CFPB) published a request for information about the small business lending market.  Additional information can be found at:

https://www.federalregister.gov/documents/2017/05/15/2017-09732/request-for-information-regarding-the-small-business-lending-market

https://www.consumerfinance.gov/about-us/blog/request-information-small-business-lending/

The roundtable will focus on the CFPB’s issues pertaining to small business lending. A copy of the tentative agenda is attached to this email.

 

The roundtable will be held at the U.S. Small Business Administration, 409 Third Street, SW, Washington, DC.  The CFPB has been invited to attend.  In order to take advantage of this opportunity and obtain meaningful input, the Roundtable will focus on the issues raised in the documents above.  As such, please be prepared to discuss these issues and provide data that supports your views.  Please note that this is an open meeting.  Please feel free to circulate this notice to your colleagues.

 

If you would like to attend the Small Business Roundtable please RSVP to me by responding to this email by August 2, 2017.  We hope to see you on August 4, 2017.  Please feel free to contact me at Jennifer.smith@sba.gov or 202-205-6943 if you have any questions or require additional information.

 

Roundtable meetings are open to all interested persons, with the exception of the press, in order to facilitate an open and frank discussion about small business-related issues.   Agendas and presentations are available to all, including the press.  Anyone who would like to receive roundtable agendas or presentations, or be included in the regular distribution, should forward such requests to Jennifer.smith@sba.gov.  The purpose of these roundtable meetings is to exchange opinions, facts, and information and to obtain the attendees’ individual views and opinions regarding small business concerns.  The meetings are not intended to communicate or achieve any consensus positions of the attendees.

 

Office of Advocacy Roundtable  on  Financial Issues

Friday, August 4, 2017

10:00 A.M.-12:00 Noon

Agenda

Welcome and Introductions

Dodd-Frank Section 1071 & The CFPB’s Request for Information on Small Business Lending

Other Small Business Issues

Adjourn