CFPB releases beta test of small business lending platform

The Consumer Financial Protection Bureau announced the availability of the beta platform for the small business lending data collection rule pursuant to section 1071 of the Dodd-Frank Act.

Details: The CFPB invited financial institutions and their technology partners to test the platform and share feedback.

Caveat: The CFPB said the beta platform is for testing purposes only and provided test files to be used. The agency noted that participants are welcome to test using other sample files, but it is imperative that they do not use actual customer data.

Previous Announcements: The CFPB recently released a revised Small Entity Compliance Guide and updated its 2025 Small Business Lending Filing Instructions Guide with the 1071 rule’s revised compliance dates. The bureau in June issued an interim final rule extending the compliance deadlines following a Supreme Court ruling that ended a temporary injunction on the 1071 rule.