As we move through 2025, two major regulatory developments continue to evolve, namely the federal banking agencies’ Community Reinvestment Act (CRA) final rule and the CFPB’s Section 1071 small business lending data collection rule, both finalized in 2023. Both rules aimed to modernize oversight and promote fair lending practices. Each is now facing significant legal and political headwinds. In response to pending litigation, the federal banking agencies recently announced their intent to rescind the CRA final rule and reinstate the previous framework. Meanwhile, the CFPB has signaled plans to revisit and revise the Section 1071 rule, following multiple court challenges and a stay issued by the Fifth Circuit.
At ComplianceTech, we understand how disruptive this kind of regulatory uncertainty can be, especially for institutions with large asset sizes and significant small business lending portfolios. Compliance professionals are being asked to prepare for complex and potentially shifting requirements, often with limited clarity about what will ultimately be enforced. We’re closely monitoring developments in both the CRA and Section 1071 spaces, so that our customers can stay focused on managing risk and streamlining compliance processes.
As the landscape evolves, we are committed to supporting our partners with timely updates, practical tools, and flexible compliance solutions tailored to the final rules, whatever shape they take. Whether it’s adjusting to a revised CRA framework or preparing for scaled-back Section 1071 reporting requirements, we’ll be ready to help compliance teams navigate the changes with confidence.
Please contact us today to schedule a time to meet with our HMDA, CRA, Small Business Lending 1071, and fair lending experts.
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