How to Conduct a 1071 GAP Analysis and Create a Plan for Compliance

December 13, 2022



Register by November 4th and take advantage of our Early Bird Pricing!

All registrations to Compliance Resource webinars include five live connections AND the recording of the webinar (guaranteed for one year).

How to Conduct a 1071 GAP Analysis and Create a Plan for Compliance has been submitted to ABA Professional Certifications for CE credit review and is pending approval. Once we receive notification of the credit approval, we will notify attendees.


This one-hour training session outlines the components of, and how to conduct, a Gap Analysis for Section 1071. The objective of the session will be to help attendees more fully understand the 21 new reporting requirements and what that means for the institution.

Together, we’ll dive into the proposed requirements, analyze what elements may already be a part of your lending program, and how to strengthen areas that may be deficient.


On September 1, 2021, the CFPB issued a proposed rule to amend Regulation B to implement Section 1071 changes to ECOA.

In the proposed rule, the CFPB outlines a requirement for covered financial institutions to begin collecting and reporting data on small business credit applications including those small businesses owned by minorities and women. The essence of 1071 is the collection and accurate reporting of small business and agricultural data to the CFPB to ensure all borrowers receive equal treatment.

This will be one of the largest regulatory implementations in the last two decades. Join us to gain critical insights and come away with the tools you need to carry out an effective Gap Analysis.


  • Why a Gap Analysis is so important and how it’s findings should influence your program
  • How to share Gap Analysis findings with the Board, Senior Management, and employees for more meaningful risk-based discussions
  • How (and why) you need to start budgeting for 1071 now
  • Actionable tips for creating and conducting an effective 1071 Gap Analysis


The program is designed for the board of directors, senior management, loan officers, compliance officers, training staff, Commercial and Ag lending Staff, and auditors.

*This program will start at 12:00 PM EST, 11:00 AM CST, 10:00 PM MST, or 9:00 AM PST

**Recording Included

This webinar will be recorded and sent to all registrants. You will receive links to the recording following the program. These recordings have unlimited viewings and are available for up to one year.

Register by November 4th and take advantage of our Early Bird Pricing!


Kimberly Boatwright

Kimberly Boatwright is EVP and Director of Risk and Compliance at Compliance Resource, LLC and has more than a two decades of experience working in the financial services industry. Ms. Boatwright is a well-regarded financial industry risk and compliance professional with a strong background in program development and implementation. She is a thought leader who specializes in Fair Lending, Anti-Money Laundering, OFAC and consumer compliance. During her career she has worked for and consulted with all types of financial institutions helping to establish and evolve compliance and risk programs. She is a frequent public speaker, trainer, and author on compliance and risk management topics. Kimberly is a Certified Regulatory Compliance Manager and a Certified Anti-Money Laundering Specialist.

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Price: $0.00
Start Time: 12:00 pm EST
End Time: 1:00 pm EST

December 13, 2022

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