Updated on October 6, 2025
We are excited to announce the availability of a new training suite on the Small Business Lending Rule (Section 1071 of the Dodd-Frank Act), consisting of five new courses to help financial institutions, credit unions, and alternative lenders understand and adapt to shifting requirements around fair lending, data collection, and compliance. As with all Vubiz offerings, the new Small Business Lending Rule courses are fully customizable, interactive, and designed to meet the needs of both operations staff and their oversight teams.
Accelerated CFPB implementation of Rule 1071 (enforced through Regulation B) creates new data collection, recordkeeping, reporting, and internal firewall requirements that institutions must adapt to. However, many are uncertain how to bridge policy and operations into executable practice. To help, Vubiz has created a suite of modules designed to provide financial institutions with a singular, role-based, and educationally coherent learning path from basic awareness to application.
“Rule 1071 represents one of the most sweeping changes in small business lending compliance in decades,” said Jim Rapino, President and CEO at Vubiz. “We built this suite not just to help institutions understand the regulation, but to execute it consistently and with confidence. We aim to reduce operational risk and raise readiness for all involved.”
The New Course Lineup and Intended Audience
Together, the five courses provide a robust, role-aware training pathway from awareness through execution, ideally suitable for use by compliance teams, lending operations, loan officers, and executive leadership.
- Small Business Lending Rule 1071: Data Points: Focusing on the specific data points that institutions must collect and retain (applicant demographic fields, loan purpose, credit terms, etc.).
- Small Business Lending Rule 1071: Firewall Requirements: Covering the internal safeguards and “firewall” provisions that limit access to sensitive demographic and protected-class data within an institution.
- Small Business Lending Rule 1071: In-Depth: Offering a comprehensive look at the regulatory construct, which institutions it applies to, timing, exceptions, recordkeeping requirements, business impacts, and more.
- Small Business Lending Rule 1071: Practical Application: Learners practice real scenarios and decision branches such as loan officer conversations, data collection workflows, exceptions, and more. This way, they are prepared to enact the rule in their own processes.
- Small Business Lending Rule 1071: Applicability: Determining whether the institution is a “covered institution,” which transactions are covered, and how small business is defined vs. ineligible credit products.
Compliance Imperative & How Vubiz Responds to It
On March 30, 2023, the Consumer Financial Protection Bureau (CFPB) finalized a rule that amended Regulation B to implement Section 1071 of the Dodd-Frank Wall Street Reform and Consumer Protection Act. The amendment requires covered financial institutions to collect and report data on certain small business credit applications, including loans made to women-owned or minority-owned businesses.
Key requirements under the rule include collecting new data points, including applicant demographics, application metrics, credit terms, strict recordkeeping requirements, and firewall requirements to prevent underwriting staff and other personnel from accessing sensitive applicant demographic or protected-class information.
After June 2025, when the CFPB deadline for compliance kicks in, financial institutions will be required to implement operational system changes, update policies, train staff, and have governance in place to manage the collection of data, maintenance of recordkeeping, and reporting of the data collected under the Small Business Lending rule.
In June 2025, the CFPB issued an interim final rule to extend the compliance deadline. The extension gives institutions more time to prepare for the compliance requirements under Section 1071 of the Dodd-Frank Act.
| Compliance Tier | Original Compliance Date in the 2023 Final Rule | Revised Compliance Date in the 2024 Interim Final Rule | New Compliance Date | New First Filing Deadline |
|---|---|---|---|---|
| Tier 1 Lenders | October 1, 2024 | July 18, 2025 | July 1, 2026 | June 1, 2027 |
| Tier 2 Lenders | April 1, 2025 | January 16, 2026 | January 1, 2027 | June 1 2028 |
| Tier 3 Lender | January 1, 2026 | October 18, 2026 | October 1, 2027 | June 1, 2028 |
The rule represents a compliance imperative. Institutions have no choice but to prepare for and execute requirements around data collection, reporting, and analysis to support CFPB efforts to promote small business lending, assess any disparate impact or other issues, and protect applicants and borrowers.
New Small Business Lending Rule 1071 Training Features
Vubiz’s new training suite is designed to respond to and ease this pressure by ensuring staff have the clarity and capability needed not just to understand Rule 1071, but to know what to do within it.
Customization
Each course allows institutions to customize and embed their own workflow rules, exception policies, internal definitions (e.g., “covered transaction,” “small business”), demographic collection procedures, or compliance thresholds. This ensures the training aligns with your institution’s real policies and practices.
Interactivity
Rather than static slide decks, the courses are built on Vubiz’s interactive and learner-centric learning experience. Users are engaged through branching scenarios, quizzes, knowledge checks, and decision simulations. For example, a learner may step through a simulated credit application conversation, make routing decisions about how data should be collected, or respond to firewall conflicts.
Role Design
Loan officers, processors, and front-line staff get focused modules like Data Points and Applicability. More advanced courses like Firewall Requirements and Practical Application are designed for compliance officers, management, and executive leadership. By creating a consistent training foundation for all users, Vubiz minimizes the risk of role misalignment or role-specific blind spots.
Course Snapshot, Audience and Key Highlights
| Course | Audience | Duration* | Highlights |
|---|---|---|---|
| Data Points | Frontline lending, processors | ~0.75 hours | Collectable fields, nondisclosure rules, missing data logic |
| Firewall Requirements | Compliance, risk, management | ~1 hour | Internal safeguards, separation rules, role access |
| In-Depth | Compiance, audit, leadership | ~1.25 hours | Full regulatory context, timeline, exceptions |
| Practical Application | Operations, training | ~1 hour | Scenario-based practice, troubleshooting |
| Applicability | Strategy, compliance, leadership | ~0.75 hours | Covered institution criteria, excluded products |
* Durations may vary depending on customization, embedded quizzes, or scenario complexity.
All modules are compatible with mobile devices and LMS deployment, and come in SCORM/xAPI formats for easy integration into most organizational platforms. By allowing institutions to adapt course content to their own systems, data models, and governance, Vubiz is taking training beyond compliance checklists toward real capability and institutional readiness.
Implementation and Next Steps
Financial institutions interested in learning more about or licensing any of the new Small Business Lending Rule 1071 courses can request a demo or contact Vubiz for a sales consultation. Deployment is easy: the courses can be branded with your institution’s look and feel, localized, integrated with your application systems, and assigned by role or department to employees through your LMS, or Vubiz’s.
The new Small Business Lending Rule suite is the latest addition to Vubiz’s library of bank compliance-focused courses and represents a continued commitment to helping regulated industries not just keep up with evolving content demands but also drive organizational impact via learner experience, practical alignment, and behavioral change.
For more information, schedule a demo of any of the Small Business Lending Rule courses, or contact Vubiz at info@vubiz.com.
