Compliance Update: Small Business Lending Rule - "1071 Data Collection"
Wednesday, October 23, 2024
|
8:30 AM ET
-
10:00 AM ET
​Program Description
The final Section 1071 rule was announced in March 2023 from the Consumer Financial Protection Bureau. The rule amends Regulation B to implement changes made by section 1071 of the Dodd-Frank Act. This rule will require financial institutions to collect and report data on small business credit applications, specifically those owned by women or minorities. As your financial institution prepares for compliance, it is important to understand the requirements for this data collection. Attendees of this session will be able to:
- Determine the applicability and effective date of the rule according to the compliance date tiers.
- Recognize the data fields required to be collected and reported.
- Interpret the additional requirements of this rule regarding the firewall and record retention.
​Agenda
- Registration & Continental Breakfast | 8:30 - 9:00 AM ET
Presentation | 9:00 - 10:00 AM ET
Location
Sheraton Valley Forge Hotel
480 N. Gulph Road
King of Prussia
PA
19406
Event Sponsors
RKL LLP
Refunds and Cancellations
A refund will be provided for cancellations received by FMS in writing prior to one (1) week before the program start date. No refunds will be given for cancellations received after that date. A substitution from your institution is welcome at any time. FMS reserves the right to change instructors or reschedule/cancel sessions when necessary. FMS is not responsible for airfare penalties incurred due to the cancellation of the program. For more information regarding refunds, concerns and/or program cancellation policies, please contact our office at (312) 578-1300.
Cost
Member Rate:
Non-Member Rate:
$50
$65
Send us a message to let us know you're coming, but paying later.