CFPB Archives - RADD LLC

Understanding the CFPB Section 1071 Final Rule: Implications for Financial Institutions

by Radhika Lipton | Apr 3, 2023 | RADD BUZZ

The Consumer Financial Protection Bureau (CFPB) recently issued its long-awaited final rule to implement Section 1071 of the Dodd-Frank Act. Section 1071 amended the Equal Credit Opportunity Act to require financial institutions to collect and report certain data...

Understanding the CFPB Section 1071 Final Rule: Implications for Financial Institutions

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