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PrimeLending Taps AI To Digitize Loans, Speed Up Disbursements

PYMNTS

Both consumers and businesses are exhibiting shifting expectations for how the lending process should work, and many are expressing interest in alternative forms of lending, such as peer-to-peer (P2P) loans. Another study predicted that the P2P lending market will reach nearly $559 billion by 2027 due to this expanded interest.

Lending 163
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The CFPB section 1071 effective date

Abrigo

Final rule Effective dates & compliance dates for rule 1071 As they do with any new requirement, financial institutions want to know when the CFPB 1071 rule is effective and when they must begin collecting and reporting data on their small business lending activities. This 2026 data needs to be reported to the CFPB by June 1, 2027.