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 February 7, 2025, the Fifth Circuit Court of Appeals issued an Order pausing the mandatory effective dates of the final 1071 rule. The Court's Order also provides that effective dates must be extended for the time this stay is in place. This stay and tolling by the Court only applies to the parties to the underlying case and their members. While this order delays the effective dates of the 1071 final rule, it does not modify or eliminate the 1071 final rule itself. That remains pending the outcome of the appeal to the Fifth Circuit.
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.
