2025年2月10日 · A U.S. court of appeals temporarily paused the Consumer Financial Protection Bureau’s 1071 small-business rule and extended its compliance deadlines until further notice, as advocated by ICBA.

ort data on small business lending. On March 30, 2023, the Consumer Financial Protection Bureau (“CFPB”) finalized rule that implements Section 1071. The rule applies to FIs that originated at least 100 small business loans in each of the two preceding calendar years, and the reporting requirements will be phased in over time based on

Washington, D.C. (Feb. 5, 2025) — The Independent Community Bankers of America (ICBA) today expressed strong support for legislation to overturn the Consumer Financial Protection Bureau’s small-business data collection and reporting requirements under Section 1071 of the Dodd-Frank Act.

2023年4月3日 · Section 1071 Compliance: What Does the Final Rule Mean for Small Business Lenders Like You? The CFPB has released the final rule implementing Section 1071 of the Dodd-Frank Act. Ncontracts regulatory compliance experts have gone through all 800+ pages.

2023年8月8日 · IBAT and ICBA’s ultimate goal is to broaden the application of injunctive relief provided to banks, delaying the implementation of final rules implementing Section 1071 of the Dodd-Frank Act until the Supreme Court rules on the …

2023年3月10日 · If you’ve gone to any banking conferences or webinars, you know that 1071 also known as Section 1071 of the Dodd-Frank Act) is top of mind for commercial bankers. While the CFPB isn’t required to release its final rule until March 31, …

Section 1071 of the Dodd-Frank Act requires CFPB to issue a rule that requires FIs to collect and report data on small business loan applications. Bureau finalized its rule on March 30, 2023. Compliance date will be staggered, based on loan volume, starting as soon as Oct 2024 for the largest volume banks.

2024年12月5日 · The Consumer Financial Protection Bureau’s 1071 small-business rule exceeds the agency’s statutory authority and is arbitrary and capricious, ICBA said in a new court filing. Details: In an opening appellate brief, ICBA and other groups said the court should set aside the CFPB’s rule because the bureau:

2023年8月3日 · A federal judge on Monday issued an order delaying compliance dates for members of the American Bankers Association and Texas Bankers Association. The order was issued as part of the ABA and TBA lawsuit challenging the Section 1071 final rule and will apply while the U.S. Supreme Court considers a separate constitutional challenge to the CFPB.

2025年2月10日 · A U.S. court of appeals temporarily paused the Consumer Financial Protection Bureau’s 1071 small-business rule and extended its compliance deadlines until further notice, as advocated by ICBA.