New federal mandates reshape lending
A wave of newly enacted U.S. federal mandates is tightening data transparency, consumer protections and digital asset rules across commercial lending — increasing demand for audit-ready, configurable systems that can update compliance workflows rapidly. Lenders face mounting pressure to embed regulatory controls into origination and portfolio monitoring. (nasma.whizzmark.com)
The Consumer Financial Protection Bureau issued a final rule on personal financial data rights that published November 18, 2024 and took effect January 17, 2025, with tiered compliance start dates for data providers beginning April 1, 2026. (federalregister.gov)) The CFPB’s Section 1071 small‑business lending rule — originally finalized in March 2023 — requires covered lenders to collect and report detailed small‑business application data (the original final rule referenced 81 data fields), and the agency issued interim extensions and a November 13, 2025 proposal to streamline and rescope reporting obligations. (advocacy.sba.gov)) Federal banking regulators have issued guidance clarifying banks’ authority to provide crypto‑asset custody and safekeeping services (OCC Interpretive Letter 1184 and a joint agency statement on risk management were published in 2025), while the House passed the Digital Asset Market Clarity (CLARITY) Act on July 17, 2025 to reallocate oversight across agencies. (occ.gov)) Securities infrastructure shifted toward tokenization when the SEC approved Nasdaq’s plan to test trading tokenized securities on March 18, 2026, a move industry notices tied to earlier regulator guidance that opened banks to crypto activities in 2025. (coindesk.com)) Vendors have responded with product and M&A moves: Solifi acquired Leasepath on July 2, 2025 to extend mid‑market equipment finance capabilities and purchased DataScan in September 2025 to add wholesale/floorplan inventory and risk tooling, while Solifi announced a December 11, 2025 partnership with Liventus to accelerate cloud migrations and automation. (solifi.com)) Market incumbents and competitors are shipping 1071‑focused modules and implementation playbooks — Finastra launched a Small Business Data Collection module in April 2024 and nCino publishes dedicated 1071 compliance resources — as banks and captives look to consolidate origination, reporting, and firewall controls into audit‑ready systems. (prnewswire.com)) Solifi customer rollouts provide concrete precedents: Allied Credit selected Solifi’s end‑to‑end automotive lease solution in October 2024 and Rosenthal & Rosenthal implemented Solifi equipment‑finance solutions in February 2025, both cited by vendor and industry coverage as examples of faster product launches and consolidated servicing on a single platform. (sfnet.com))
