CFPB Signals Issuance of Interim Final Rules on Section 1071 and ...
2 days ago · Section 1071 is the CFPB’s small business lending data collection and reporting rule, intended to require certain lenders to collect and report data on credit applications from, and …
Small business lending rulemaking - Consumer Financial Protection Bureau
Oct 1, 2024 · 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 …
The Trump Administration strongly supports passage of S. 1071, the National Defense Authorization Act (NDAA) for Fiscal Year (FY) 2026. This NDAA will enable the Department of …
CFPB 1071 Compliance: Overview and dates - Abrigo
Oct 3, 2025 · The Consumer Financial Protection Bureau (CFPB) 1071 rule was originally effective in 2023, but section 1071 compliance dates have been extended. The 1071 …
CFPB Extends Compliance Date for the Section 1071 Small …
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 …
CFPB Extends Section 1071 Rule Compliance Dates
Jun 18, 2025 · As we also reported previously, the CFPB has indicated that it plans to reopen rulemaking on the section 1071 rule. Comments on the interim final rule are due by July 18, 2025.
Alternative Commercial Finance Monthly | November 2025
4 days ago · A Much-Anticipated 1071 Update and More Blog This month, the CFPB proposed scaling back its small business lending data rule and moving to restrict disparate impact …
CFPB Proposes Narrowed Small Business Lending Rule to …
Dec 3, 2025 · Section 1071 requires financial institutions to collect and report data on credit applications for women-owned, minority-owned and small businesses to enforce fair lending …
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.
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 …