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CFPB Pushes Back Section 1071 Deadlines
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.
Staff Writer
Jun 213 min read
Senate Fails to Overturn Biden's Veto on Key Small Business Lending Rule
the U.S. Senate failed to override President Biden's veto of a bill intended to overturn the Consumer Financial Protection Bureau's...
Staff Writer
Jan 15, 20241 min read
RBFC vs. CFPB: A Legal Showdown Over New Financing Regulations
The overarching question at hand of rule 1071: is it truly protecting the entrepreneurs who are supposed to be protected against bias or...
Shane Mahabir
Jan 10, 20242 min read
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