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

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

by Chinedu Nnadi | 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...
8 Common Pitfalls That Sabotage Fintech-Financial Institutions Relationships

8 Common Pitfalls That Sabotage Fintech-Financial Institutions Relationships

by Chinedu Nnadi | Sep 14, 2022 | RADD BUZZ

As the financial services industry evolves, financial institutions (FIs) increasingly turn to fintech to meet their needs. For one thing, fintech offers innovative solutions that help FIs deliver new capabilities, respond to changing customer expectations, increase...
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