Podcast: A deep dive into the Section 1071 final rule
The CFPB's final rule implementing Section 1071 of the Dodd-Frank Act represents major change to how banks process and handle ...
Tag: Small business lending
House committee ‘gravely concerned’ with expanded nondepository 7(a) program participation
House Small Business Committee Chairman Roger Williams (R-Texas)—joined by subcommittee chairmen—said they were “gravely concerned” with the Small Business Administration’s ...
Podcast: Designing and launching a special-purpose credit program
For many small business owners, the first step on the credit ladder is the hardest, and they may miss opportunities ...
ABA disappointed in decision to lift 7(a) lender moratorium
In a statement, ABA President and CEO Rob Nichols said the association was disappointed with the Small Business Administration’s decision ...
SBA lifts 7(a) lender moratorium, loosens underwriting requirements
The Small Business Administration issued a final rule to lift the moratorium on the number of nondepository lenders in the ...
CFPB issues long-awaited Section 1071 final rule
The CFPB released a long-awaited final rule implementing Section 1071 of the Dodd-Frank Act, which requires the collection and reporting ...
Senate leaders express concern over SBA 7(a) proposals
Senate Small Business Committee leaders recently wrote to the U.S. Small Business Administration to express concern about SBA’s two proposals ...
ABA opposes SBA’s lifting of moratorium on non-depository 7(a) lenders
ABA expressed opposition to the Small Business Administration’s proposal to lift the moratorium on the number of non-depository lenders in ...
The consumer experience matters in business banking, too
The advantages of committing to a single platform to integrate delivery of multiple banking services for businesses.
Agencies release 2021 CRA data on small business, community development lending
The federal banking agencies today released 2021 Community Reinvestment Act data on small business, small farm and community development lending.
