Mar 12, 2024
Although there have been delays and court cases, the Small Business Lending Data Collection Requirements Section 1071 data collection requirements will come, sooner or later. Now is not the time to put the brakes on your Section 1071 planning efforts! Come see what Section 1071 is all about.
Section 1071 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) amends the Equal Credit Opportunity Act (ECOA) with respect to collecting and reporting certain data on small business credit applications, including those that are minority-owned and women-owned. It also calls for safeguarding that data, shielding it from certain persons within your loan process, recordkeeping requirements and more. Preparing to comply with this Rule will require a lot of planning, training and procedural updates within your institution.
Jerod Moyer will bring you plain English solutions!
Tuesday, March 12th, 2024
1:30 pm - 3:30 pm CT
What You'll Learn
The Latest Updates
Financial Institution Coverage & Mandatory Compliance Dates
Covered Applications: What’s In and What’s Out?
Gross Annual Revenues and Small Businesses
Required Data & The Data Collection Process (Time & Manner)
Restricted Data: Business Ownership Status & Demographic Information
The “Firewall” and Recordkeeping Requirements
Your Questions, Plain English Answers & Much More!
Who Should Attend
This webinar is designed for management, loan officers, loan processors, compliance, audit and loan operations personnel.
Jerod is the leader of Banker's Compliance Consulting's training productions. He is a nationally recognized speaker. Whether it's a conference, seminar, school, webinar or luncheon, it's easy to stay engaged when he presents due to the amount of passion and energy he brings to each and every compliance topic. Jerod has spoken on behalf of the American Banker's Association, BankersOnline, many state banking associations, private compliance groups and financial institutions. He is a Certified Regulatory Compliance Manager (CRCM) and BankersOnline Guru.
Jerod likes to spend his time (between reading regulations and producing compliance training!) relaxing at the lake with his wife and three children, following their activities or engaged in something sports related!
Available Upgrades
AyZha Hazelwood, Education Meeting Coordinator
Ahazelwood@indiana.bank
317-387-9380