1071 Preparation Guide | Article 4 Identifying and Counting Covered Transactions
When implementing and creating processes for the 1071 Small Business LAR Rule, determining when the institution will be subject to the collection and reporting requirements is vital. The CFPB’s tiered implementation means we must first undertake a count to determine when the institution is subject to the collection and reporting of the covered data. The
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1071 Preparation Guide | Article 3 Understanding the Flow of Commercial Lending
There is no doubt that the 1071 Small Business LAR Rule will change the way commercial lending departments operate. Compliance and Commercial Lending have not always gone hand in hand. Generally, there are lower compliance burdens for commercial purpose loans. As such, commercial lenders may be used to following strict guidelines and meeting regulatory requirements.
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The Anticipation is Over! Small Business LAR Final Rule Released
It’s here! The much anticipated and long awaited final Small Business LAR rule has been released! Rest assured TCA’s Small Business LAR Action Team (SBLAT) is on it. We’re working through the Final Rule to help you implement the new policies and procedures necessary to comply with the rule. Look for more articles from TCA
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