The Consumer Financial Protection Bureau (CFPB) has issued the final regulations to implement section 1071 of the Dodd-Frank Act. Will your staff be ready?
Rule 1071 relates to the collection of small business lending data. This live webinar will discuss the information required, who must report and the steps your credit union can take to prepare for the new rule changes.
Bill Elliott is a senior consultant and director of compliance education at Young & Associates. With more than 40 years of banking experience, Bill works on a variety of compliance-related issues.
During his career, Bill served as a compliance officer, a CRA officer and as a lender for consumer, commercial and mortgage loans. He has managed a variety of bank departments, including loan review, consumer/commercial loan processing, mortgage loan processing, loan administration, credit administration, collections and commercial loan workout.
When: April 28, 2023, 3:00 – 4:00 p.m. EST
Who is it for: Commercial lenders and those who work with them, senior management and audit staff
Section 1071 of the Dodd-Frank Act mandates the collection of information similar to HMDA. Credit unions already collect some of this information to make loans within the commercial loan department – but not all of it. This webinar will discuss the changes and help your lending staff prepare for what’s to come.
Young & Associates is a national leader in financial institution consulting, outsourcing and education. We provide trusted expertise you need to manage risk, stay compliant and position for growth and profitability. Find out more about Young and Associates.