Description
This comprehensive three-part webinar series has been carefully crafted to help you implement the necessary changes within your institution and achieve compliance with Section 1071.
Part One – The Impact of 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 – 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 – 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 purchase this on-demand 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.
Who:
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.
*All sessions are 90 minutes long
* Please note that the recording links will be delivered to you via a downloadable document in your confirmation e-mail. The materials that corresponds with the recording will be automatically delivered upon purchasing via email from the website.
