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CFPB revises Sec. 1071 final rule to focus on ‘core lending products’
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Banking, Consumer Protection
Tuesday, May 5, 2026
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The Consumer Financial Protection Bureau released a final rule implementing small business lending requirements outlined under Sec. 1071 of the Dodd-Frank Act. The scope of the final rule is significantly narrower than the previous version finalized in March 2023 and leaves open the possibility for future amendments.
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