Regulatory compliance counsel Michael Christians will provide a sneak peek into the rule’s requirements. You will learn what specific actions you must take to achieve compliance for your institution.
What You'll Learn
- What creditors are subject to the rule?
- Which transactions are covered?
- Which transactions are specifically excluded?
- What data points must you collect?
- What are the data reporting requirements?
- How must you prepare well before the mandatory compliance date?
Training Overview
Small Business Lending Data Collection Rule Issued on March 30. Discover how to comply with the new requirements.
On March 30, the Consumer Financial Protection Bureau (CFPB) issued its long-awaited small business lending data collection rule. The rule requires certain creditors to collect data in connection with applications for small business credit.
You need to understand the detailed provisions of the rule to update your institution’s policies and procedures. With a mandatory compliance date for some institutions as early as October 1, 2024, you must start preparing now!
- What creditors are subject to the rule?
- Which transactions are covered?
- Which transactions are specifically excluded?
- What data points must you collect?
- What are the data reporting requirements?
- What steps should you take now to prepare?
Who Should Attend?
- Commercial and small business lenders
- Loan support staff
- Compliance officers
- Internal auditors
- Bank management
- In-house counsel
- Chief credit officers
- Credit analysts
- Loan officers
- Commercial lenders
- Loan administrators
- Loan documentation specialists
- Credit risk officers
- Loan review staff
- Lenders
- Underwriters
- Compliance officers
- Risk managers
- Relationship managers
Expert Presenter
Michael R. Christians
- Principal of Michael Christians Consulting, LLC
- Assists financial institutions and organizations across the country with ensuring their compliance programs conform to federal laws and regulations
- Provides counsel relative to current rules, assists with the strategic implementation of upcoming regulatory changes, and offers customized education and training services
- More than two decades of experience in the financial services industry
- JD from Drake University Law School
- Member of the Iowa State Bar
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