On May 1, 2026, the CPFB published in the Federal Register the revised Small Business Data Collection Rule, or “1071 Rule” (the “2026 Final Rule”), which it had proposed revising in November 2025 . The 2026 Final Rule becomes effective June 30, 2026, although as discussed below, the compliance date is January 1, 2028.… Continue Reading
CFPB Finalizes Revised 1071 Rule
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May 22, 2026
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Richard J. Andreano, Jr., John L. Culhane, Jr., Aja D. Finger and Kaley Schafer
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