Ms. Rashida Holmes

Posted3/10/2023 9:05:34 AM

https://www.ncontracts.com/nsight-blog/1071-update-with-a-reg-expert

If you’ve gone to any banking conferences or webinars, you know that 1071 also known as Section 1071 of the Dodd-Frank Act) is top of mind for commercial bankers.
While the CFPB isn’t required to release its final rule until March 31, 2023, that hasn’t stopped bankers from speculating. Alesha Briley, CMCP, has been tracking 1071 since June 2022, dedicating close to 200 hours to studying the proposal and reading through other relevant materials, including industry comment letters and expert opinions.

Here are some of the most common questions bankers are asking.