Banker's Compliance Consulting Blog

Updated Regulation B / Section 1071 Resources!

Written by Amy Kudlacek | Jun 12, 2026 2:30:18 PM

In case you missed it, we encourage you to check out our webinar, “Small Business Lending Data Collection Final Rule”, which is available now OnDemand. The Final Rule implements changes to the following areas:

  • Covered credit transactions
  • Covered financial institutions
  • Small business definition
  • Data points
  • Time and manner of data collection

Compliance is mandatory by January 1, 2028, for covered financial institutions.

In light of the changes, we have updated some of the FREE Lending Tools available on our website. Be sure to check out the “Section 1071 Small Business Lending Application Coverage Flowchart” (Version 2.0) and the “Section 1071 Application Coverage Matrix” (Version 2.0).

Published 2026/06/12