Section 1071 Compliance

Financial regulatory expert Rheanna Rodriguez will explain the details of the new Section 1071. You will learn the specific actions you must take for full compliance.

Topics Covered

  • Does the rule apply to your institution?
  • How can you ease the stress of implementing the new rule?
  • What is the scope of Section 1071?
  • What 21 data fields are required?
  • What resources and staffing will you need to implement the rule?
  • How will your compliance, CRA, and lending programs need to adapt?
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Friday, March 29, 2024; 1:00 PM Eastern

Scheduled for 60 minutes including question and answer period.

INFORMATION
Training Overview

Discover how to adapt small business lending under the new final rule.

The CFPB recently published its 888-page final ruleamending Regulation B to implement changes to the Equal Credit Opportunity Act (ECOA) made by section 1071 of the Dodd-Frank Wall Street Reform and Consumer Protection Act.

There are numerous new requirements for financial institutions, such as how you must report data regarding credit applications for women- and minority-owned small businesses. You need to understand the regulations, update your systems, modify processes, and begin gathering the required data.

  • Does the rule apply to your institution?
  • How can you ease the stress of implementing the new rule?
  • What is the scope of Section 1071?
  • What 21 data fields are required?
  • What resources and staffing will you need to implement the rule?
  • How will your compliance, CRA, and lending programs need to adapt?
Recommended Audience
Who Should Attend?
  • Bank chief executives
  • Executive directors
  • Board members
  • CRA officers
  • Community development officers
  • CRA staff
  • Fair lending officers
  • Fair lending staff
  • Compliance staff
  • Financial staff
  • Loan officers
  • Auditors
  • Senior management
  • Data analysts
  • Information technology staff
What's included
Training includes
  • Certificate of Attendance
  • All resources and training materials
About

Expert Presenter

Rheanna Rodriguez
  • SVP, Director of Specialty Regulations at First Foundation Bank (FFB)
  • Oversees the risk assessment program
  • Previously a commissioned compliance examiner for the Southern California territory at the Federal Deposit Insurance Corporation (FDIC) for eight years
  • Led numerous compliance and CRA examinations at institutions ranging from $40 million to $60 billion in total assets size
  • BA in business administration with a concentration in marketing from the California State University, San Bernardino
  • MA in management from the University of Redlands