Small business lending rulemaking - Consumer Financial Protection Bureau 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 applications for credit for women-owned, minority-owned, and small businesses
CFPB Issues Final Section 1071 Rule: Narrower Scope, Later Compliance . . . Today, the Consumer Financial Protection Bureau (CFPB or Bureau) released its final rule revising the 2023 small business lending data collection and reporting rule under the Equal Credit Opportunity Act (ECOA) and Regulation B, which implements Section 1071 of the Dodd-Frank Act (2026 Final Rule)
CFPB issues revised 1071 rule | Americas Credit Unions The CFPB Thursday finalized its revised Section 1071 rule, largely as proposed, which includes many credit union-sought changes to reduce regulatory burdens while still enabling credit unions to serve their members effectively
House committee advances ABA-backed bill to ease Section 1071 reporting . . . Section 1071 of the Dodd-Frank Act amended the Equal Credit Opportunity Act to require financial institutions to compile and submit to the Consumer Financial Protection Bureau certain data on applications for credit for women-owned, minority-owned and small businesses
CFPB Section 1071 Final Rule A Massive Step Backward The Consumer Financial Protection Bureau’s (CFPB) final rule today is a massive step backward from the CFPB’s own 2023 rule and from Congress’s intent in enacting Section 1071
1071 - Wikipedia Year 1071 (MLXXI) was a common year starting on Saturday of the Julian calendar
CFPB Finalizes Revised 1071 Rule - Credit and Collection News The CFPB has issued a revised final Section 1071 small‑business lending rule that narrows who is covered, trims data points, and pushes the compliance date out to January 1, 2028, while keeping the core 1071 data‑collection mandate intact
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 1071—is designed to increase transparency and promote economic development