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The CFPB's revised Section 1071 final rule narrows coverage, exempts MCAs and smaller lenders, and pushes the compliance date to January 1, 2028.

The CFPB's proposed Section 1071 amendments slash data requirements, raise thresholds, and exclude MCAs. Here's what lenders need to know before the Dec. 15 deadline.

The Consumer Financial Protection Bureau (CFPB) has once again delayed its compliance timeline for the Section 1071 rule under the Equal Credit Opportunity Act, reflecting ongoing concerns over readiness, legal challenges, and operational impacts for small business lenders.

the U.S. Senate failed to override President Biden's veto of a bill intended to overturn the Consumer Financial Protection Bureau's...

The overarching question at hand of rule 1071: is it truly protecting the entrepreneurs who are supposed to be protected against bias or...