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CFPB 1071 Rule: Checklist for compliance success

Commonly known as the CFPB 1071 Rule, upcoming requirements to be finalized in 2023 by the Consumer Financial Protection Bureau (CFPB) will represent the most significant effort of data collection and reporting for financial institutions in nearly 50 years.

This checklist provides lenders with seven steps to prepare for compliance with this new rule.

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Banker’s Toolbox is now Abrigo, giving you a single source for all your enterprise risk management needs. Use the login button here, or the link in the top navigation, to log in to Banker’s Toolbox Community Online.

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Our portfolio risk solutions and services are more robust than ever. No matter the challenge, we help you face it head on.

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