Section 1071 Compliance From A to Z – Comprehensive Three Part Series

May 25, 2023



The final rule implementing Section 1071 of the Dodd-Frank Act is massive. In order to get started on the right foot, you need to have a thorough understanding of Section 1071 and how it will change your institution’s small business lending processes.

This comprehensive three-part webinar series has been carefully crafted to help you begin implementing the necessary changes within your institution and achieve compliance with Section 1071.

Part One – May 25th: Introduction to Section 1071 and Key Definitions

In the first part of the series we’ll go deep into 1071.  You will learn what’s in the final rule and how to “accurately” interpret what it means for your organization.  We will also discuss how Fair Lending and CRA programs will be impacted.  You’ll come away knowing the key elements of the law and  understanding what will be expected of your institution going forward.

Part Two – May 30th: Small Business Data Collection Fields and Requirements

In part two, we’ll dig into the required data collection fields and explore ways to capture the new data elements. Collecting small business loan data will be difficult for most lenders. Multiple gender designations, free form fields, and the rules around LGBTQI+ data collection only add complexity. You’ll leave this session with the knowledge to create a plan for data collection.

Part Three – June 9th: Small Business Data Management and Implementing Changes at Your FI

Part three brings it all together. You’ll come away with the tools to create an effective, sustainable Section 1071 compliance program. We’ll also discuss ways to prepare your board and senior management, set and meet compliance expectations, and communicate with all stakeholders, including commercial lenders

When you participate in this series, you’ll:

  • Gain a deeper understanding of Section 1071, its breadth, and how it impacts your institution.
  • Explore the all the requirements of the final rule and learn how to obtain the requisite data.
  • Get actionable strategies for easing the regulatory burden, ensuring compliance, and making the implementation process as efficient as possible.
  • Find out ways to acclimate team members and customers to impending changes in the lending process.
  • Come away with a detailed manual that can serve as a handbook long after you’ve completed the webinar.

*All sessions are 2 – 4 PM ET

Who Should Attend:

This session is designed for anyone who needs a better understanding of Section 1071’s final rule. It may be particularly beneficial for compliance officers, as well as those working in commercial lending, compliance, training, loan services, auditing, and senior management.



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: 2:00 pm EDT
End Time: 4:00 pm EDT

May 25, 2023

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