Small business lending rulemaking - Consumer Financial Protection Bureau
Jun 18, 2025 · Section 1071 of the Dodd-Frank Act amended the Equal Credit Opportunity Act (ECOA) to require financial institutions to compile, maintain, and submit to the Bureau certain data on …
S.1071 - National Defense Authorization Act for Fiscal Year 2026
(4) benchmarks for evaluating the performance of each military department or Defense Agency in reducing the relative risk with respect to response efforts to address releases of perfluoroalkyl …
Section 1071: Guide to the new small business lending rule
Starting in 2025, your lender may be required to ask you a few questions about your small business during the loan application process. This new small business lending rule—known as Section …
CFPB Plans to Reopen Section 1071 Small Business Lending Rule
Apr 9, 2025 · The 1071 Rule, which refers to Section 1071 of the Dodd-Frank Act, requires financial institutions to collect and report loan application data from qualifying small businesses.
CFPB Extends Compliance Date for the Section 1071 Small Business ...
Jun 25, 2025 · The CFPB issued the final 1071 Rule in March 2023, which required financial institutions to collect and report to the CFPB 81 data points on applications for credit for small businesses, …
CFPB plans to initiate new 1071 rulemaking 'as expeditiously as ...
May 1, 2025 · Section 1071 of the Dodd-Frank Act amended the Equal Credit Opportunity Act (ECOA) to require financial institutions to collect and report thirteen data points to CFPB regarding credit …
How to prepare for CFPB's 1071 rule: Lender steps - Abrigo
Jul 10, 2024 · The 1071 rule requires that institutions collect data on a calendar-year basis and report their data to the bureau by June 1 of the following year. CFPB will make the data available to the …
CFPB Small Business Lending Data (Section 1071) - KPMG
The Consumer Financial Protection Bureau (CFPB) has issued its final small business lending rule, which amends Regulation B to implement changes to the Equal Credit Opportunity Act (ECOA) …
Congressman Williams Introduces 1071 Repeal to Protect Small …
Feb 4, 2025 · Section 1071 of the Dodd-Frank Act requires financial institutions to collect and report extensive data on small business lending. This mandate has resulted in: Adds millions in increased …
Navigating Section 1071 Compliance | FinTalk - Jack Henry & Associates
Jul 8, 2024 · Section 1071 mandates financial institutions to gather, maintain, and report to the CFPB data from small business credit applications, including demographic information of applicants.