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.
LEGAL UPDATE: On November 12, 2025, the CFPB issued a proposed rule which, if finalized, will make substantial revisions to the ECOA small business lending rule. This proposal would narrow the scope of institutions and loans subject to the rule, the number small businesses subject to the rule, the number of data fields to be collected, and would propose a new universal effective data for all lenders of January 1, 2028. Finastra is continuing to monitor this proposal, as well as the ongoing litigation challenging the CFPB's original 1071 rule and will make updates to its SBDC solution as necessary.
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.
