Year in Review and Look Ahead: Fair Lending and UDAAP in the Trump 2.0 Era — Federal Pullback, State Pushback, and What Comes Next — The Consumer Finance Podcast
The Compliance 911 Show
Predictions regarding the 2023 CRA Rule and Section 1071 and how to prepare for expected developments
The Regulatory Situation After the Trump Executive Orders Regulatory Freeze Pending Review
UDAAP and Fair Lending Developments: 2024 Year-in-Review and 2025 Predictions — The Consumer Finance Podcast
The Coming Perfect Storm
1071 Rule Status — The Consumer Finance Podcast
Did you miss it? Comprehensive review of Section 1071 Rule webinar
Consumer Finance Monitor Podcast Episode: An Even Deeper Dive into the CFPB’s Final Dodd-Frank Section 1071 Rule on Small Business Data Collection
Consumer Finance Monitor Podcast Episode: The Consumer Financial Protection Bureau’s Final Section 1071 Rule on Small Business Data Collection: What You Need to Know, Part I
In this episode of The Consumer Finance Podcast, Chris Willis and Lori Sommerfield unpack the rapid reshaping of the fair lending and UDAAP regulatory enforcement landscape as part of the Year in Review and Look Ahead series....more
Your 2025 compliance year in review — breaking down CRA, 1071 updates and what’s coming next for risk, regulation, and exams....more
In this article, we share a timeline of monthly "bites" for 2025 applicable to business transactions....more
The compliance calendar just got complicated. Welcome to 2026. If you're hoping for regulatory clarity, we have bad news. The compliance calendar we'd all been planning around has turned into something closer to a...more
In two recent litigation status reports, the Consumer Financial Protection Bureau (CFPB or Bureau) indicated that it is working to issue interim final rules for both Section 1071 and Section 1033 in light of an opinion from...more
The CFPB’s Section 1071 Proposal: Big Reduction in Reporters, Loans and Data Points - Does Drastic Reduction in Reporters and Loans Undermine Purpose? The CFPB’s proposal to modify the Section 1071 Rule offers significant...more
In this month's article, we share some of our top "bites" covered during the November 2025 webinar....more
On November 13, the CFPB issued a proposed rule to amend Regulation B’s 2023 small business lending rule implementing section 1071 of the Equal Credit Opportunity Act. The proposal would revise the scope of covered...more
As previously reported, the CFPB is proposing major changes to its 2023 final rule that would require financial institutions to report information contained in loan applications submitted by small businesses, including...more
The Consumer Financial Protection Bureau (CFPB) has released a new proposed rule to implement Section 1071 of the Dodd-Frank Act. The proposal significantly narrows the scope of data small business lenders would be required...more
On November 3, 2025, Skadden and Troutman co-hosted a conference in Washington, D.C. titled “Fair Lending 2025: Navigating Turbulent Waters.” Leading the conference were Anand Raman, head of Skadden’s Consumer Financial...more
As the regulatory agenda at the Consumer Financial Protection Bureau (CFPB) continues to heat up, it has undertaken a series of rapid and varied actions that carry significant implications for regulated entities and warrant...more
To keep you informed of recent activities, below are several of the most significant federal and state events that have influenced the Consumer Financial Services industry over the past week. Federal Activities: On November...more
On November 13, the CFPB published a proposed rule in the Federal Register to revise certain provisions of Regulation B, subpart B, implementing section 1071 of the Dodd-Frank Act’s amendments to ECOA. The proposal...more
The CFPB is proposing major changes to its final rule that would require financial institutions to report information contained in loan applications submitted by small businesses, including women-owned and minority-owned...more
The Consumer Financial Protection Bureau (CFPB or Bureau) has issued a new proposed rule that would substantially revise the 2023 small business lending data collection and reporting rule under the Equal Credit Opportunity...more
In this month's article, we share some of our top "bites" covered during the October 2025 webinar....more
On October 2, The CFPB finalized a rule extending the compliance deadlines for its 2023 Small Business Lending Data Collection Rule under the Equal Credit Opportunity Act (ECOA) and Regulation B. The final rule confirms the...more
The Consumer Financial Protection Bureau (CFPB) has finalized its interim final rule amending Regulation B to extend the compliance deadlines set forth in the small business lending data collection rule required by Section...more
To keep you informed of recent activities, below are several of the most significant federal and state events that have influenced the Consumer Financial Services industry over the past week....more
On October 2, the Consumer Financial Protection Bureau (CFPB or Bureau) published a final rule in the Federal Register, officially extending compliance dates for its 2023 small business lending data collection and reporting...more
On September 25, the CFPB published in the Federal Register a final rule amending Regulation B to extend the compliance dates for small business lending data collection and reporting under Section 1071 of the Dodd-Frank Act. ...more
The CFPB finalized its June 18, 2025, interim final rule on Oct. 2, 2025, amending Regulation B to extend the compliance dates set forth in its small business lending rule (issued in March 2023 to implement Section 1071 of...more
As previously reported, in June 2025 the CFPB issued an interim final rule extending the compliance dates for the section 1071 small business data collection and reporting rule. The CFPB has now issued a final rule with the...more
While ostensibly a regulator dedicated to the protection of consumers, if the last several years tell us anything, the Consumer Financial Protection Bureau (CFPB) is not shy about expanding its reach into the business-purpose...more