Description:
Every day we get closer and closer to Section 1071’s compliance dates. This two-part series is designed to help you implement the necessary changes within your institution and achieve compliance with Section 1071. Over the course of this two-part 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.
Part One – Key Definitions, Data Collection, and Requirements
February 11, 2025:
After attending part one, you’ll have a working knowledge of Section 1071’s final rule and be able to interpret what it means for your organization.
- Dig into the required data collection fields and explore ways to capture new data elements.
- Discuss how your fair lending and CRA programs will be impacted by Section 1071.
- Come away understanding the key elements of the law and what will be expected of your institution going forward.
Part Two – Small Business Data Management and Implementing Changes at Your FI
February 18, 2025:
In the second part, we’ll share the tools you need to create an effective, sustainable Section 1071 compliance program.
- Take the next steps in implementation and ensuring compliance with Section 1071.
- Learn tactical strategies for setting & meeting compliance expectations across your institution.
- Gain tips for preparing your board & senior management, as well as key stakeholders, including commercial lenders.
Who Should Attend:
This on-demand series 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.
Reminder: The registration fee includes live attendance AND a playback recording of each session in the series, available once the session concludes.
Presenters:
Kimberly Boatwright, CRCM, CAMS, FLE
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.
February 11, 2025