Making Sense of Small Biz Fair Lending Compliance
By EsqSocial Corporation 28/04/25
Starting this June, the first tier of small business lenders will begin collecting certain data to report to the Consumer Financial Protection Bureau under Rule 1071, issued pursuant to Section 1071 of the Dodd-Frank Act. While the compliance deadlines still remain, it looks as though they may soon be stayed again, as new leadership at the CFPB seeks to revise the rule....
By: Frost Brown Todd