Section 1002.101 - Authority, purpose, and scope(a)Authority and scope. This subpart to Regulation B is issued by the Bureau pursuant to section 704B of the Equal Credit Opportunity Act (15 U.S.C. 1691c-2 ) . Except as otherwise provided herein, this subpart applies to covered financial institutions, as defined in § 1002.105(b) , other than a person excluded from coverage of this part by section 1029 of the Consumer Financial Protection Act of 2010, title X of the Dodd-Frank Wall Street Reform and Consumer Protection Act, Public Law 111-203 , 124 Stat. 1376, 2004 (2010).(b)Purpose. This subpart implements section 704B of the Equal Credit Opportunity Act, which Congress intended: (1) To facilitate enforcement of fair lending laws; and(2) To enable communities, governmental entities, and creditors to identify business and community development needs and opportunities of women-owned, minority-owned, and small businesses.