Partners for Rural Transformation (PRT) appreciates this opportunity to comment on the proposed rule for collecting lending data from financial institutions required by Section 1071 of the Dodd Frank Wall Street Reform and Consumer Protection Act of 2010. Small businesses are key to the economic prosperity of rural communities, in particular ones that have been in deep poverty for decades. Ensuring fair, equitable access to capital for these small businesses will be furthered by the data that Section 1071 will provide, advancing both fair lending and community development goals for the communities we serve. Read more here PRT Comment Letter on CFPB Section1071
