A curated listing of all 1071 products, services, and training offered by COMPLIANCE RESOURCE.
The final rule implementing Section 1071 of Dodd-Frank is complex and presents compliance departments with the largest compliance initiative in years. Given the final rules size, intent, and complexity there are many opportunities for misstep. COMPLIANCE RESOURCE can help ensure you meet the requirements of Section 1071 and Small Business Data Collection effectively.
Below you'll find complimentary tools, resources, upcoming and on-demand training that can ease the regulatory burden and help you achieve compliance. We'll continuously update this page to ensure you are getting the best and latest help with this complex regulation. In short, this page is your comprehensive, curated launch pad for all things Section 1071.
On March 30th, 2023 the CFPB finalized the changes to Reg B and the implementation of Section 1071 of Dodd-Frank. The new rule is designed to increase transparency in small business lending, promote economic development, and combat unlawful discrimination. It will also be the most challenging compliance initiative financial institutions have faced in years.
It is imperative that your compliance department understand the final rule & the impact it will have on your current policies, procedures, and processes.