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1071 For Small Business Lending: Are You Ready?

Ready or not, it’s here.  
In March, the Consumer Financial Protection Bureau (CFPB) issued its final rule to amend Regulation B to implement changes made to the Equal Credit Opportunity Act (ECOA) via section 1071 of the Dodd-Frank Act. The rule adds small business to its purview of lending verticals by requiring financial institutions to aggregate and submit select data points on credit applications to the bureau on an ongoing basis.
Compliance with the transmission of data to the CFPB is one side of the coin, but the other side relates to how you can best identify potential impacts now, prior to rule implementation.
Watch this presentation to understand how Curinos can help you proactively prepare for the impacts of 1071 now.
In this session, we:
  • Educate you on the 1071 legislation
  • Inform you of deadlines to be compliant
  • Explain how this impacts you and your role
  • Show you how Curinos can help proactively identify areas of focus
Lindsay Burkhalter | Director, Consumer & Small Business Lending | Curinos
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    Contact us to learn more about how Curinos can help you navigate today and prepare for tomorrow.