Compliance question of the month: February 2025
Compliance QOTM answers question on status of 1071.
Tag: Section 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 ...
Federal court rejects challenge to Section 1071 final rule; ABA, TBA to appeal
A federal court denied a request for summary judgment in a lawsuit by ABA, the Texas Bankers Association and others ...
CFPB unveils test platform for filing small-business lending data
The CFPB opened its beta platform for submitting small business lending data, as required by Section 1071 of the Dodd-Frank ...
ABA urges CFPB to clarify Section 1071 implementation
The CFPB’s new compliance deadlines for its Section 1071 small-business data collection rule will help avoid confusion and unnecessary burden ...
CFPB extends compliance dates for small-business lending rule
The CFPB issued an interim final rule to formalize its previous announcement that it had extended by 290 days the ...
CFPB pushes back Section 1071 compliance deadlines
The CFPB announced that it had pushed back the compliance deadlines by several months for its Section 1071 small-business data ...
