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CFPB Hosting Technical Readiness Events for Small Business Lending Data Reporting

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CFPB Hosting Technical Readiness Events for Small Business Lending Data Reporting

The Consumer Financial Protection Bureau (CFPB) today announced a series of technical readiness events in preparation for compliance with Small Business Lending data reporting requirements.

“These events are targeted towards in-house technologists at financial institutions and providers or vendors that support financial institutions in building, modifying, or using software systems for regulatory compliance,” the Bureau’s release noted. The CFPB’s Technical Team will provide information and examples from historical practices on several topics. From the Bureau’s release:

  • How the CFPB builds such regulatory compliance technology systems as data submission platforms;
  • Possible approaches to authentication and application programming interfaces (APIs);
  • Technical data submission standards, edits, and validations; and
  • Previously offered technologist implementation support, including accepting feedback on what may be helpful for this implementation.

The Bureau’s August meeting will be virtual and take place on August 19th at 1:00 p.m. ET. The September meeting will be held at the Bureau’s headquarters in Washington D.C. on September 15 at 1:00 p.m.

The same material will be covered at both meetings. Registration is required; visit the specific meeting webpage for more information.

August 8th, 2022 by