Let's be honest: most commercial lenders tune out when they hear the word "regulation." But ignoring it could cost far more than time or paperwork.
The regulatory landscape is changing fast. Section 1071 introduces new data collection requirements for small businesses. Fair lending enforcement is evolving with increased scrutiny on disparate treatment. State regulators are stepping into perceived gaps left by federal agencies. Also, emerging issues like debanking are creating compliance challenges that didn't exist a few years ago.
With a solid understanding of the fundamentals and what the future holds, you'll be well equipped to explain to your credit committee, your examiner, or your board why compliance is not just a checkbox — it's a critical part of running a safe, sound, and competitive commercial lending business.