CUInsight, October 24, 2019: CFPB to Host Symposium on November 6
The Consumer Financial Protection Bureau (Bureau) announced that it will hold a symposium on Section 1071 of the Dodd-Frank Act on November 6, 2019, at 9:30 a.m. The event will be webcast on the Bureau’s website.
Section 1071 amended the Equal Credit Opportunity Act (ECOA) to require financial institutions to collect, report and make public certain information concerning credit applications made by women-owned, minority-owned and small businesses. The symposium will provide a public forum for the Bureau and the public to hear various perspectives on the small business lending marketplace and the Bureau’s upcoming implementation of Section 1071.