Are You Prepared for New Small Business Lending Data Requirements?

As Section 1071 of the Dodd-Frank Act introduces new expectations for small business lending data collection and reporting, financial institutions must ensure their teams, processes, and systems are aligned. This readiness checklist provides a practical way to evaluate your current state, identify gaps, and prioritize next steps, before regulatory deadlines put added pressure on your institution.

Use this checklist to take a structured look at how prepared your institution is today, across the areas that matter most for operational readiness, data integrity, and audit confidence.

• Data collection and standardization
• Access controls and data protection
• Reporting and audit readiness
• Operational workflows and systems
• Policy and process alignment