Numerated is ready to help your institution navigate the process and meet the requirements of section 1071. After the rule is finalized, the 18 months to follow will put pressure on business lenders to quickly adapt and maintain 1071 compliance, or risk hefty penalties from the CFPB. Give your institution peace of mind and adopt 1071 application requirements early with Numerated’s digital applications.
To keep lenders informed on the latest developments on 1071, our in-house banking experts hosted a webinar to answer questions like:
Access the on-demand recording to learn more.
- What is section 1071?
- What will 1071 mean for small business lending?
- How many data points will be required?
- How can you prepare your institution to remain future ready?
- How can 1071 be automated?
*Note: This webinar was originally recorded on May 9, 2023.