On May 1st, a Final Rule amending Regulation B was issued to implement the Section 1071 requirements. The rule brings a number of changes from the previous Final Rule and the later re-proposal, including a mandatory compliance date of January 1, 2028, for all covered institutions. Which means the clock is ticking…
If you’ve not had time to fully review the Section 1071 Final Rule, determine whether you qualify as a covered financial institution, or build your Section 1071 Compliance Plan, we’re here to help!
Jerod explains more in the video.
Published 2026/05/26