Finastra launched a small business data collection module designed to help banks comply with the Equal Credit Opportunity Act small business data collection requirements mandated by Section 1071 of the Dodd-Frank Act. read more

APR 12, 2024 - 6:15 am

The U.S. District Court for the Southern District of Texas issued a nationwide injunction delaying implementation of Section 1071 of the Dodd-Frank Act for all covered financial institutions by approximately 10 months, pending a Supreme Court decision. read more

OCT 27, 2023 - 7:18 am

The Consumer Financial Protection Bureau finalized the rule to implement changes made by Section 1071 of the Dodd-Frank Act that requires lenders to collect and report information about small business credit applications. read more

MAR 31, 2023 - 6:47 am

In response to the Consumer Financial Protection Bureau’s proposals regarding Section 1071 of the Dodd-Frank Act, the Equipment Leasing and Finance Association took a three-step approach, including attempting to gain meaningful exemptions. read more

DEC 18, 2020 - 6:53 am

The Federal Reserve Board approved a rule to prevent concentrations of risk between large banking organizations and their counterparties from undermining financial stability. read more

JUN 18, 2018 - 7:10 am

Anthony Lamm continues his discussion on issues that arise from the Dodd-Frank Act and how local, state and federal laws apply to different lease transactions. Of particular importance is determining the nature of the lease as an entity and which state statutes apply to the transaction to help govern the transaction’s characterization as either commercial or consumer.... read more

Jan/Feb 2015