As your financial institution focuses on understanding and implementing the new Small Business Lending Data Collection (Section 1071) compliance requirements, our experts are here to help.

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Financial institutions covered by the reporting requirement must collect and report data on credit applications for small businesses, including those owned by women or minorities.

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The final rule amending Regulation B to implement changes to the ECOA as a result of Section 1071 was issued on March 30, 2023.

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Wolters Kluwer's consulting services include data preparation, submission support, staff training, regulatory interpretation, operational planning, and fair lending risk reviews.

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Industry proven strategies are utilized to ensure compliance with complicated regulatory requirements.

Wolters Kluwer offers consulting services including data preparation and file scrubs, submission support, staff training, regulatory interpretation, operational planning, Compliance Management System (CMS) oversight, and small business Fair Lending risk reviews utilizing industry proven strategies to ensure compliance with complicated regulatory requirements.

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CRA & Fair Lending Colloquium
November 16, 2025 - November 19, 2025
Los Angeles, California

Join Wolters Kluwer for the 2025 CRA & Fair Lending Colloquium with over 1,000 compliance professionals, regulators and other industry experts.

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