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 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