Section 1071: New Data for Small Business Lending

Panelists overview the new rule’s features, how it will be implemented, its strengths and weaknesses and items that are still open for consideration by the CFPB.

Speakers:
Beverly Brown Ruggia, Financial Justice Program Director, NJ Citizen Action
Kevin Stein, Deputy Director, California Reinvestment Coalition
Kevin Hill, Senior Policy Advisor, NCRC


CFPB Director Rohit Chopra announced at the 2023 Just Economy Conference the final rule implementing Section 1071 of the Dodd-Frank Act that will increase transparency in small business lending and help root out discrimination. Our initial analysis can be found here.
https://ncrc.org/initial-analysis-of-...

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