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Data privacy & Section 1071

Question: 
What does Section 1071 of the Dodd-Frank Act cover from a data privacy standpoint?
Answer: 

Section 1071 of the Dodd-Frank Act governs the collection of small business lending data but also discusses the CFPB’s (Consumer Financial Protection Bureau) stance on privacy and disclosure of the data. Included are measures for protecting demographic information, recordkeeping requirements, enforcement provisions, and related ruling dates.

Continue reading about Section 1071.

Vendor: 

Alogent provides proven, end-to-end check payment processing, digital, online, and mobile banking, and enterprise content and information management platforms to financial institutions. Our unique approach spans the complete transaction ecosystem —capturing and digitizing transaction data, exception tracking, and automating entire transaction and loan management workflows so that information is available across the enterprise.
www.alogent.com

marketing@alogent.com
+1-678-966-0844

First published on 09/29/2024

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