Section 1071
The Dodd-Frank provision requiring lenders to collect and report demographic and pricing data on small business credit applications.
The revised final rule takes effect 30 June 2026, with compliance from 1 January 2028 and first reports due 1 June 2029, for institutions originating at least 1,000 covered transactions in both 2026 and 2027. Merchant cash advances are excluded.
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