Want help with CFPB 1071 compliance?
Abrigo provides market-leading software and advisory services to assist with the new data collection rule.
Over 2,400 financial institutions today trust Abrigo's lending software. Whether you just have questions about CFPB 1071 or are ready to see how our solution can help, our team is here for you.
From a report by Aite-Novarica:
"For SMB lenders, the operational implications of Section 1071 are many. Summarized at a high level, the regulation will require pervasive changes in realms touching on training, culture, data storage, and process."
- Section 1071 and SMB Lending: Understanding the Operational Impacts.