January 2026

Section 1071 of the Dodd-Frank Act represents the most significant expansion of lending data collection requirements since HMDA. As 2026 unfolds, more financial institutions are entering the compliance timeline, making this an important moment to understand what's required and how to prepare. This guide covers the current state of Section 1071 implementation, who needs to comply and when, and practical steps for building your compliance infrastructure. What Is Section 1071? Section 1071 requires financial institutions to collect and report data on small business lending applications. The goal mirrors HMDA's purpose for mortgage lending: to identify potential discrimination and ensure fair access to credit for minority-owned, women-owned, and other small businesses. The Consumer…

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Thank you as always for using the RATA Comply software and Geocoding services to help with your HMDA and/or CRA submissions. As part of our efforts to ensure that you have the highest quality and most current geocode results for submission, we re-geocode every application that was submitted prior to January 22nd to try and improve the precision codes. We go through the file to look for improvements to any geocodes based on the precision codes and then return any improved results in the Year-End (YE) geocode update file. This file should be applied to your Comply system at your earliest convenience to assure that these improved results are a part of your submission. The YE update file will only affect records submitted before January 22, 2026. If you have submitted more geocoding after…

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The CFPB published a validity edit change as well as the removal of a quality edit for the 2026 reporting year after we released the Comply 25.0 update. In order to get these changes, as well as a few other minor bug fixes into the hands of all users before any potential quarterly 2026 submissions, we are releasing a minor 25.01 update. If you are not a quarterly reporter or are not affected by the other bug fixes noted in the Comply changes document, then there is no need to update to 25.01 as these changes will appear in our 25.1 release later in the spring. Please contact us if you have any questions.

To all RATA Hosted Services (RHS) clients, we will be installing the 25.01 update this coming weekend, so you should not have any issues.

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