ABA, TBA ask CFPB to delay 1071 compliance dates for all banks
In the wake of a judge’s order delaying compliance dates with the CFPB’s Section 1071 final rule for Texas Bankers ...
Tag: Small business lending
Section 1071 requirements will bring major challenges and risks
Another indication of significant challenges ahead is the 888-page final rule’s frequent use of a version of the term “reasonably ...
Federal judge delays Section 1071 compliance dates; temporary relief applies only to ABA, TBA members
A federal judge in Texas today issued an order blocking enforcement of the Consumer Financial Protection Bureau’s Section 1071 final ...
Thinking outside the (credit) box
Special-purpose credit programs build on data sharing to expand lending outreach.
ABA, associations support limits on non-federally regulated lenders in 7(a) program
ABA and five other bank and credit union trade associations expressed appreciation for Senate legislation rolling back recent policy changes ...
Small-business capital access in a higher rate environment
Rising costs and higher interest rates highlight the increased importance of small-business access to capital. Fintech firms might have faster ...
Maximizing efficiency and minimizing risk in Section 1071 compliance
A practical guide to preparing for the Section 1071 small business lending data collection.
Report finds significant volume of COVID-assistance loan fraud
At least 17% of all COVID-19 economic injury disaster and payment protection program loans were disbursed to potentially fraudulent actors, ...
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 ...
Committee heads ask SBA to pause small business lending changes
The leaders of the House and Senate small business committees asked the Small Business Administration to “pause” changes to its ...
