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?
Training Overview
Discover how to adapt small business lending under the new final rule.
The CFPB recently published its 888-page final rule amending 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?
Who Should Attend?
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
CareerLearning Quality Commitment
CareerLearning wants you to be satisfied with your purchase. If this program does not meet your expectations, email us at support@careerlearning.com.