CFPB Final Rule 1071 on Small Business Lending: Key Changes From Prior Final Rule and Practical Implications 

We invite you to join us for a timely and important webinar examining the Consumer Financial Protection Bureau’s newly issued final rule (Regulation B), revising its small business lending data collection requirements under Section 1071 of the Dodd-Frank Act. 

This final rule significantly reshapes the Bureau’s prior framework, with important changes to coverage, data collection, and compliance timing. With a new compliance date of January 1, 2028, now is the time for financial institutions and other stakeholders to understand what has changed from the prior final rule and what steps to take next. 

Panel Speakers: 

• Moderator: Alan Kaplinsky, founder and chair for 25 years and now senior counsel of the Consumer Financial Services Group 
• Guest: Brad Blower, Founder and Principal of Inclusive-Partners
• Guest: Louis Caditz-Peck, Executive Director of the Responsible Business Lending Coalition 
• Richard Andreano, senior counsel of the Consumer Financial Services Group at Ballard Spahr 
• John Culhane, senior counsel of the Consumer Financial Services Group at Ballard Spahr 

Discussion Topics Will Include: 

• Key revisions to the scope of covered institutions and transactions 
• Changes to the definition of “small business” 
• Updates to required data points and collection requirements 
• Implications for compliance programs, operations, and fair lending risk 
• Will rule be challenged in court and, if so, on what basis? 
• Practical steps institutions should be taking now in advance of the 2028 compliance date 
• Implications for current lawsuits, both challenging the original rule and seeking to force the CFPB to implement the original rule

This program will provide actionable insights for banks, Fintech companies, nonbank lenders, compliance professionals, and counsel navigating the evolving Section 1071 landscape.