Bureau’s next symposium looks at ECOA reporting, issues

Information collected, reported, and made public through credit applications made by women-owned, minority-owned and small businesses will be the subject of the federal consumer financial protection agency’s next symposium, set for Nov. 6.

The Consumer Financial Protection Bureau (CFPB) said the event – one of a series the agency is sponsoring on a variety of issues related to its mission – focuses on Section 1071 of the Equal Credit Opportunity Act (ECOA) and the information it requires to be reported. The agency said the symposium will “provide a public forum for the Bureau and the public to hear various perspectives on the small business lending marketplace and the Bureau’s upcoming implementation of Section 1071,” as amended by the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank).

The agency said the symposium will consist of two expert panels. The first panel will focus on the current state of, and future outlook for, the small business lending marketplace. The second panel, CFPB said, will include a discussion surrounding the implementation of Section 1071 by the agency.

The event gets underway at 9:30 a.m.; members of the public who plan to attend the symposium are asked to RSVP. The event will be webcast on CFPB’s website, the agency said.

RSVP, Nov. 6 CFPB symposium on Sec. 1071 of Dodd-Frank Act (ECOA)

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