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.
Speaker
Juliya Kofman Greenfield, CAMS, CCBP
Principal, Financial Services Industry Group | RKL LLP
For Juliya Kofman Greenfield, the path to a career in compliance consulting was a natural one. One of her earliest roles with the Office of the Comptroller of the Currency taught her about the Bank Secrecy Act/Anti-Money Laundering (BSA/AML), Home Mortgage Disclosure (HMDA) and Truth in Lending acts. Applying these complex regulations to real-world client scenarios inspired Juliya, and paved the way for career moves to financial institutions, software companies and, ultimately, into consulting for RKL.
A Principal in RKL’s Financial Services Industry Group, Juliya specializes in serving financial institutions through risk assessments, training, compliance review performance, auditing and more. She has deep experience in compliance and risk assessment, specifically consumer, commercial and residential lending reviews, targeted Regulation B, HMDA, Unfair Deceptive Abusive Acts or Practices Act, Regulation E reviews, deposit operations and overdraft product reviews, BSA/AML audits and assessments and website/social media reviews.
For Juliya, being a trusted advisor means listening, taking accountability for one’s work and dedicating time to solving problems – that means no temporary fixes or short cuts. Juliya thrives on navigating new and complex compliance issues to help clients determine the best course of action for their unique circumstances.
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.
Sponsorship Opportunities
Title Sponsor: $5,000
Recognition on the table toppers at the event and the FMS Philadelphia Chapter website + four (4) comp event registrations.
Cocktail Hour Sponsor: $1,000
Recognition on the table toppers at the event and the FMS Philadelphia Chapter website + one (1) comp event registration.
Dessert Sponsor: $1,000
Recognition on the table toppers at the event and the FMS Philadelphia Chapter website + one (1) comp event registration.
Book Sponsor: $1,000
Recognition on the table toppers at the event, the FMS Philadelphia Chapter website and at the book-signing table + one (1) comp event registration.
Cost
FMS Philadelphia Chapter Rate:
IFI Rate:
$50
$65