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The CFPB section 1071 effective date

Abrigo

Timelines for small business loan data collection and reporting Deadlines for complying with the new CFPB section 1071 rule requirements for financial institutions to collect data on small business loan activities. Takeaway 3 The earliest deadline requires financial institutions to begin collecting data Oct.

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3 Electronic signature benefits for banks and credit unions

Abrigo

E-signature capabilities benefit both customers and staff Banks and credit unions that leverage electronic signature capabilities reap the benefits of a more efficient lending process. Takeaway 1 Optimize the signature collection process. Better communication, data collection, and storage offer opportunities for efficiency gains.

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Member Alert: Indiana Enacts Data Privacy Law with GLBA Exemptions

RMAi Blog

The law will take effect January 1, 2026. On May 1, 2023, Indiana Governor Eric Holcomb signed into law Senate Bill 5 , making Indiana the seventh state to enact a comprehensive consumer data privacy law, following California, Virginia, Colorado, Utah, Connecticut, and Iowa.

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What Lenders Need to Know About the CFPB 1071 Rule 

Biz2X

This rule requires financial institutions to collect and provide data on lending to small businesses, aiming to enhance transparency, accountability, and fair lending practices. Larger lenders are required to collect and report data earlier, with thresholds set to ensure comprehensive coverage.

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Avoid This Biggest Misconception About AI in Finance

Emagia

Over the past 12 months, finance professionals (CFOs, corporate credit managers, VPs of treasury, etc.) A recent Gartner study predicted that more than 100 million professionals will collaborate or interact with some form of robotic coworkers by 2026.

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Global Expansion Strategy: A Guide for Expanding Cross-Border eCommerce 

TreviPay

By 2029, global B2C eCommerce revenue is forecast to exceed $5 trillion , while the global B2B eCommerce market may be valued at a whopping $36 trillion by 2026. Although a moratorium on global eCommerce tariffs has been extended until 2026, companies may need to pay additional charges once a global agreement is in place. and non-U.S.

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3 Open Banking Trends: Why Open Banking Matters More Than Ever

apruve

The technology drives improvement in services to make real-time payments, underwrite or access credit, improve cash flows, and more. Real-time connections to customer data now make it possible for enterprises to extend trade credit since they can determine the creditworthiness of customers with open banking. billion by 2026.