CFPB final small business lending rule drops LGBTQI+-owned business status and changes owner 'sex/gender' to 'sex', citing EO 14168

Rulemaking

Date
Actor
Consumer Financial Protection Bureau
Type
Rulemaking (final)
Section
SUPPLEMENT: ACTIONS MISSED BY EARLIER SWEEPS, JANUARY 2025 TO NOVEMBER 2026

Summary

91 FR 23530 (Regulation B, ECOA section 1071). Final rule removes the discretionary data point for LGBTQI+-owned business status and requires lenders to ask about principal owners' sex rather than sex/gender. The preamble says the revisions are consistent with EO 14168 (the 'Defending Women E.O.'), which it describes as directing agencies to remove gender identity references and use a male/female binary, and states the Bureau agrees ECOA does not explicitly cover gender identity or LGBTQI+ status. Related step (2025-11-13, 2025-19865): 90 FR 50952 (Nov.

Status

Final; effective June 30, 2026; compliance date Jan. 1, 2028

As recorded in the data of . Check the sources for anything newer.

Sources