Maximizing efficiency and minimizing risk in Section 1071 compliance
A practical guide to preparing for the Section 1071 small business lending data collection.
Commercial Lending
Agencies finalize updated statement on CRE loan accommodations
The OCC, FDIC and National Credit Union Administration issued an updated policy statement regarding accommodations and workouts for commercial real...
ABA joins Texas lawsuit to block CFPB’s Section 1071 rule
ABA President and CEO Rob Nichols announced today that ABA has joined a lawsuit filed by the Texas Bankers Association...
Survey finds small-business lending fraud on rise
Lending fraud with small and midsize businesses has increased significantly over the last 12 months, and many financial institutions expect...
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...
ARRC approves best practices document for Term SOFR use
The Alternative Reference Rates Committee has approved a document containing best practice recommendations for using the CME Group’s Term SOFR...
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...
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...
Fed survey: Lending standards tightened in Q4 2022
Lending standards for most business and consumer loans tightened during the fourth quarter of 2022, with weaker demand reported in...
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...
