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A Virtual Technical Readiness Session: Regulatory Data Collection at CFPB, HMDA and the road ahead




We held a virtual conversation on the data collection systems as set forth in the NPRM enforcing Section 1071 of the Dodd-Frank Act. In the course of this conversation, the CFPB 1071 technical team shared insights into how the CFPB builds regulatory compliance systems, such as the 1071 data collection system, and to hear how the technology can be more easily integrated with existing technology software systems used by financial institutions.