diff --git a/CHANGELOG.md b/CHANGELOG.md
index f2ca0b07..33c2d5ab 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,12 @@
 # Changelog
 
+## 7.1.0 - 2022-08-19
+* [#1116](https://github.com/stripe/stripe-ruby/pull/1116) API Updates
+  * Add support for new resource `CustomerCashBalanceTransaction`
+* [#1118](https://github.com/stripe/stripe-ruby/pull/1118) Update AllowedChars in rubocop config
+* [#1117](https://github.com/stripe/stripe-ruby/pull/1117) Refresh rubocop config.
+* [#1115](https://github.com/stripe/stripe-ruby/pull/1115) Add a support section to the readme
+
 ## 7.0.0 - 2022-08-02
 
 Breaking changes that arose during code generation of the library that we postponed for the next major version. For changes to the SDK, read more detailed description at https://github.com/stripe/stripe-ruby/wiki/Migration-guide-for-v7. For changes to the Stripe products, read more at https://stripe.com/docs/upgrades#2022-08-01.
diff --git a/VERSION b/VERSION
index 66ce77b7..a3fcc712 100644
--- a/VERSION
+++ b/VERSION
@@ -1 +1 @@
-7.0.0
+7.1.0
diff --git a/lib/stripe/version.rb b/lib/stripe/version.rb
index 2e6c6743..95f1f764 100644
--- a/lib/stripe/version.rb
+++ b/lib/stripe/version.rb
@@ -1,5 +1,5 @@
 # frozen_string_literal: true
 
 module Stripe
-  VERSION = "7.0.0"
+  VERSION = "7.1.0"
 end