Last week, the CFPB added a set of Frequently Asked Questions to the compliance resources on its website for its small business lending rule implementing Dodd-Frank Section 1071.  

The CFPB also published a slide deck for a webcast it held titled “Determining institutional coverage pursuant to the small business lending rule.”  The CFPB has indicated that it plans to present the webcast again this month. 

For more information about and to listen to our two-part episode of the Consumer Finance Monitor Podcast titled “The Consumer Financial Protection Bureau’s Final Section 1071 Rule On Small Business Data Collection: What You Need To Know,” click here and here.