Webinar On Demand

ICBA Briefing: Overview of the New Small Business Lending Requirements Under ECOA (1071) (MP4)


On March 30, the CFPB published the final rule amending Regulation B to implement changes to ECOA made by section 1071 of the Dodd-Frank Act. These changes will require covered financial institutions to collect and report data on applications for small business credit.

Join ICBA government and congressional relations staff as they outline the key details of the final rule including:

  • When covered financial institutions will be required to begin reporting
  • The definition of “Small Business” under the final rule
  • The data points required to be reported for covered transactions
  • Potential challenges with data collection and what community banks should be thinking about now
  • The legislative work currently being done by ICBA to mitigate the compliance and procedural issues triggered by 1071

More information on the final rule is on CFPB website.

Recorded Date: April 14, 2023

ICBA Members: Free
Non-Members: Free
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