Section 1071 Readiness

7 STEPS YOU SHOULD TAKE TO PREPARE FOR SECTION 1071 – CLICK HERE TO READ

A recent status report filed with the court by the Consumer Financial Protection Bureau (CFPB) indicates the CFPB is on track to issue the final rule for data collection under Section 1071 of the Dodd-Frank Act (DFA) no later than March 31, 2023. Once the final rule is released, it will be a sprint to complete implementation.