CFPB to ‘deprioritize’ small-business lending data collection enforcement
The CFPB will not prioritize enforcement of its Section 1071 small-business lending data collection rule for businesses not covered by ...
Tag: Section 1071
ABA mortgage advocacy update: April 15, 2025
This month's ABA mortgage advocacy update focuses on CFPB reform, Dodd-Frank Section 1071, trigger lead legislation and moves to rescind ...
CFPB to initiate new Section 1071 rulemaking
In a court filing, the CFPB said its leadership has directed staff to initiate new rulemaking to implement Section 1071 ...
House committee advances bills on stablecoins, de novo banks, CBDCs
The House Financial Services Committee voted to advance five banking-related bills, ranging from stablecoins to de novo bank formation. ABA ...
Podcast: Bowling 300 on bank policy advocacy
In rural southeastern New Mexico, bank CEO and varsity bowling coach Ken Clayton often takes his team on 500-mile one-day ...
Compliance question of the month: February 2025
Compliance QOTM answers question on status of 1071.
Courts grant stays in lawsuits over Section 1071, medical bill reporting
Two federal courts have granted stays in a pair of lawsuits against the CFPB over the Section 1071 data collection ...
Lawmakers introduce bill to repeal Section 1071 data collection
Republicans in the House and Senate have introduced legislation to repeal Section 1071 of the Dodd-Frank Act, which requires financial ...
Preparing for 2025: Navigating compliance in a time of change
The uncertain regulatory environment makes board-management communication even more important.
ABA congressional team: Election results positive for banking, but bipartisan work remains
Though the GOP sweep of the House and Senate portends good things for bank-friendly policy, there is still a lot ...
