Financial regulatory expert Rheanna Rodriguez will explain the details of the new Section 1071. You will learn how to gather the necessary data and prepare the reports you will need 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
Section 1071 Final Rule Expected This Month. Learn about the new business lending data requirements.
CFPB Section 1071 is coming! With a final rule expected this month, this section of the Dodd-Frank Act will amend ECOA and require financial institutions to collect and report certain data in connection with credit applications for women- and minority-owned small businesses annually.
You need to understand the regulations, update your systems and protocols, and begin gathering the required data.
To learn how, please join us for the upcoming information-packed webinar:
Section 1071 – How to Prepare
- 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
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