Screen Reader Mode Icon Check SCREEN READER MODE to make this survey compatible with screen readers. CFPB 1071 Readiness Survey Question Title * 1. How familiar are you with CFPB 1071? Extremely familiar Very familiar Somewhat familiar Not so familiar Not at all familiar OK Question Title * 2. How concerned are you and your institution about these regulatory compliance areas? Not concerned Slightly concerned Moderately concerned Very concerned Extremely concerned CFPB 1071 final rule CFPB 1071 final rule Not concerned CFPB 1071 final rule Slightly concerned CFPB 1071 final rule Moderately concerned CFPB 1071 final rule Very concerned CFPB 1071 final rule Extremely concerned Fair lending, UDAAP, CRA laws Fair lending, UDAAP, CRA laws Not concerned Fair lending, UDAAP, CRA laws Slightly concerned Fair lending, UDAAP, CRA laws Moderately concerned Fair lending, UDAAP, CRA laws Very concerned Fair lending, UDAAP, CRA laws Extremely concerned BSA/AML, Beneficial ownership requirements BSA/AML, Beneficial ownership requirements Not concerned BSA/AML, Beneficial ownership requirements Slightly concerned BSA/AML, Beneficial ownership requirements Moderately concerned BSA/AML, Beneficial ownership requirements Very concerned BSA/AML, Beneficial ownership requirements Extremely concerned CECL requirements CECL requirements Not concerned CECL requirements Slightly concerned CECL requirements Moderately concerned CECL requirements Very concerned CECL requirements Extremely concerned OK Question Title * 3. Does your institution currently collect the data outlined in the proposed CFPB 1071 rule? Yes - we collect all the necessary data points No - but we collect some of the necessary data points No - we have to start collecting new data points I'm not sure OK Question Title * 4. How difficult do you anticipate complying with CFPB 1071 will be? Very difficult Moderately difficult Somewhat difficult Not difficult Unsure OK Question Title * 5. Which of the following aspects of complying with Section 1071 concern you and your institution? Process changes associated with collecting the new data points Asking for the data points in a way that complies with fair lending regulations The firewall provision that requires certain data to be withheld from employees unless applicant is provided notice The timeline to implement the new rule None of the above Other (please specify) OK Question Title * 6. What is your approximate asset size? Less than $250 million Between $250 - $500 million Between $500 million - $3 billion Between $3 billion - $10 billion Greater than $10 billion Not applicable OK Question Title * 7. How would you classify your financial institution? Bank Credit Union Alternative Lender / Fintech Other OK SUBMIT
