Adds a demographic information hash to the Persons API

What’s new

Introduces the us_cfpb_data hash in the Persons API, which contains two sub-hashes, ethnicity_details and race_details, and a free text field for the person’s self-identified gender. Each sub-hash includes fields, allowing for multiple enum values and free text input to describe the person’s ethnicity or race.

This change complies with Section 1071 of the Dodd-Frank Act, which requires providers of small business financing in the US to collect demographic information about applicants. Stripe’s financial partners report this information to the CFPB, which analyzes potential disparities in business financing. The information shared with the CFPB is anonymized to protect the identity of applicants.

curl https://api.stripe.com/v1/accounts/acct_xxxxx/persons \
  -u "sk_test_4eC39HqLyjWDarjtT1zdp7dc:" \
  -d us_cfpb_data[self_identified_gender]=female \
  -d us_cfpb_data[ethnicity_details][ethnicity][]=not_hispanic_or_latino \
  -d us_cfpb_data[race_details][race][]=white

Impact

This addition ensures compliance with Regulation 1071 by requiring providers of small business financing to collect demographic information about applicants for financing.

Changes

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