Tag Archives: Dodd Frank Section 1071

CFPB Outlines Small Business Data Collection Proposals

On September 15, 2020, the Consumer Financial Protection Bureau (“CFPB” or “Bureau”) released an Outline of Proposals under Consideration and Alternatives Considered for the small business data collection rulemaking mandated by Section 1071 of the Dodd-Frank Act and a High-Level Summary of the outline of proposals.  The release signals that a Small Business Advisory Panel … Continue Reading

Settlement Agreement Reached in California Reinvestment Coalition et al. v. Kraninger et al.

On February 26, 2020, a settlement agreement was filed in California Reinvestment Coalition et al. v. Kraninger et al., a lawsuit initiated by the California Reinvestment Coalition regarding the Consumer Financial Protection Bureau’s (the “Bureau”) failure to issue small-business data collection regulations under Section 1071 of the Dodd-Frank Act.  Under Section 1071 of the Dodd-Frank … Continue Reading
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