Extension of 1071 SBL Compliance Dates On June 18 2025, the CFPB issued an interim final rule to extend the compliance dates set in the 2023 final rule, as previously amended by a 2024 interim final rule, by approximately one year. This extension applies to all financial institutions required to collect and report data on […]

Small Business Lending The small business lending landscape is undergoing a significant transformation with the implementation of the Small Business Lending (SBL) Rule under Section 1071 of the Dodd-Frank Act. This article will delve into some key considerations for lenders as they navigate the complexities of the new rule and evaluate technology solutions available to […]