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The CFPB section 1071 effective date

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CFPB intends the data collected by lenders on each small business credit application to shed light on potential disparate treatment in loan terms, especially related to minority-owned small business applicants, including women-owned small businesses.

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Preparing for Section 1071

Abrigo

CECL Regulation. Lending & Credit Risk. Portfolio Risk & CECL. In 2010, Congress enacted the Dodd-Frank Act “ [t]o promote the financial stability of the United States by improving accountability and transparency in the financial system.” Lending Regulation. Member Business Lending. SBA Lending. Learn More. Learn More.