Finastra DFA 1071 Factsheet
Finastra's Small Business Data Collection module is a powerful and innovative solution to help you comply with Section 1071 of the Dodd-Frank Act.
IMPORTANT NOTICE: We are updating our website content to align with the substantial changes from the revised final rule in May 2026. We will also be updating our SBDC solution ahead of the new universal effective date. Please check back soon for updates. If you have any questions, please reach out to your Account Executive or contact us.
LEGAL UPDATE: On May 1, 2026, the Consumer Financial Protection Bureau (CFPB) issued a final rule revising a number of provisions of the 2023 ECOA Small Business Lending rule. This 2026 final rule has an initial compliance date of January 1, 2028, but financial institutions may optionally begin collection of the full data set (including protected demographic information) as soon as January 1, 2027. With the rule now finalized, our teams are enhancing the SBDC solution to help support covered financial institutions’ compliance. All updates will be finalized and available prior to January 1, 2027.
Finastra’s Compliance Reporter Small Business Data Collection module is a cloud- native solution that integrates seamlessly with retail lending products including LaserPro, CreditQuest, DecisionPro, and Originate.
Built on LaserPro’s Compliance Reporter, it features intuitive integrated workflows and enables data collection and review in one contained system.
