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CFPB issues Section 1071 small entity compliance guide
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Banking, Dodd-Frank Basics, Government Oversight
Tuesday, May 16, 2023
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The Consumer Financial Protection Bureau issued a compliance guide for small entities that are to be subject to the Section 1071 small-business lending rule. The guide provides a detailed summary of the final rule’s requirements and provides details and examples when necessary to clarify and explain the different components and requirements of the final rule as it affects small entities.
Read on for more details.
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