The Consumer Financial Protection Bureau issued additional file formats for its Section 1071 small-business data-collection sample form.
CFPB Resources: The additional file formats for the sample form, including print and source code versions, are available on the CFPB’s 1071 webpage.
ICBA Grassroots: Meanwhile, ICBA continues calling on community bankers to use ICBA’s Be Heard grassroots action center to urge their members of Congress to support a House resolution to nullify the 1071 rule.
ICBA Summary: ICBA recently published a summary of the rule that details its scope of coverage, key definitions, compliance dates, collection and reporting procedures, and more.