Securities,
Corporate,
Banking,
Administrative/Regulatory
Oct. 27, 2021
Decade in the making: CFPB proposes Dodd-Frank Section 1071 Regulations
On Oct. 8, the Consumer Financial Protection Bureau published for public comment an expansive 918-page notice of proposed rulemaking to implement changes to the Equal Credit Opportunity Act made by Section 1071 of the Dodd-Frank Wall Street Reform and Consumer Protection Act.
Moorari Shah
Partner
Sheppard, Mullin, Richter & Hampton LLP
Moorari is a partner in the firm's Finance and Bankruptcy Practice Group.
A.J. Dhaliwal
Partner
Sheppard, Mullin, Richter &
AJ is special counsel in the firm's Finance and Bankruptcy Practice Group.
On Oct. 8, the Consumer Financial Protection Bureau published for public comment an expansive 918-page notice of proposed rulemaking to implement changes to the Equal Credit Opportunity Act made by Section 1071 of the Dodd-Frank Wall Street Reform and Consumer Protection Act.
As one of the lesser-known provisions appearing in the DFA, Section 1071 extends to business lending and broadly applies to any entity engaged in small business lendi...
For only $95 a month (the price of 2 article purchases)
Receive unlimited article access and full access to our archives,
Daily Appellate Report, award winning columns, and our
Verdicts and Settlements.
Or
$795 for an entire year!
Or access this article for $45
(Purchase provides 7-day access to this article. Printing, posting or downloading is not allowed.)
Already a subscriber?
Sign In