2025 Outlooks: The Trump Administration, 1071, Innovation, Treasury Yields and QBRs

In November, Suite by Monitor published 15 articles, covering the implications of a Trump Administration, Section 1071 of the Dodd-Frank Act, details about innovation and automation cycles in equipment finance, rising 10-year Treasury yields, QBRs and various outlooks for 2025. read more

DEC 16, 2024 - 6:00 am

Finastra Launches Small Business Data Collection Module to Aid with Section 1071 Compliance

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

ELFA Wins Temporary Relief From Section 1071 for Equipment Finance Industry

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

CFPB Finalizes Rule to Implement Changes Made by Section 1071 of Dodd-Frank Act

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

ELFA Addresses New Proposals Regarding Section 1071 of Dodd-Frank Act

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

ELFA Invites Members to Participate in CFPB Survey Regarding Section 1071 of Dodd Frank

The ELFA encouraged association members to participate in a survey from the CFPB that will examine the potential one-time costs associated with complying with Section 1071 of the Dodd Frank Act. read more

JUL 29, 2020 - 7:11 am