Speaker: Kimberly Boatright,EVP of Risk & Compliance, Compliance Resource
CE Credits: 8.0 CRCM
The CFPB’s final rule to implement Section 1071 of the Dodd-Frank Act was finalized on March 30, 2023. This live seminar dives into the final rule, how it differs from the proposed requirements, and what your institution needs to know to ease the regulatory burden and make the implementation process as smooth as possible. Implementing changes needed to comply with Section 1071 of Regulation B will require a full compliance management program, including new policies, procedures, training, auditing, and will impact budgeting for several years.
In addition to key definitions, effective dates, and the required data fields, key takeaways from this program include understanding:
Which types of transactions are exempt from reporting.
The tolerances applied to the collected data.
How to report data to the CFPB.
Important recordkeeping requirements.
When you join us to unpack the final rule, you’ll:
Understand the scope of Section 1071 and its impact on your institution.
Take away actionable steps for implementing the new rules as efficiently as possible within your institution.
Examine the required data fields and find out to begin collecting them.
Identify additional resources that may be required to achieve compliance, including budgeting, staffing, tools & training.
Gain strategies for conducting Section 1071 Gap Analysis.
Learn how to communicate the impact of Section 1071 on the institution to the board, senior management, and commercial lending teams.
Find out how to establish a proactive plan to acclimate employees and customers to changes in the lending process.
Take away a detailed manual that can serve as a handbook long after you’ve completed the program.
Who Should Attend? This session is designed for anyone who needs a better understanding of Section 1071’s final rule. It is particularly beneficial for compliance officers, as well as those working in commercial lending, compliance, training, loan services, auditing and senior management.
Registration Prior to 7/30/23 FBA Member: $395.00/person Non-Member: $890.00/person
Registration After 7/30/23 FBA Member: $445.00/per person Non-Member: $890.00/per person
8:30 - 9:00 AM: Registration 9:00 - 12:00 PM: Program 12:00 - 1:00 PM: Lunch 1:00 - 4:00 PM: Program
Kimberly Boatwright has more than two decades of experience working in the financial services industry as a risk and compliance professional. Kimberly has a strong background in program development and implementation. During her career, she has worked for and consulted with all types of financial institutions helping to establish and evolve their compliance programs. Kimberly came on board at COMPLIANCE RESOURCE in 2022 and loves helping other compliance professionals manage their compliance departments as efficiently as possible. She is a Certified Regulatory Compliance Manager, a Certified Anti-Money Laundering Specialist, and holds a bachelor’s degree from the University of Nebraska at Omaha. A proud mom of three, Kimberly loves nothing more than spending time with her family.
Contact the hotel at 800-588-4656 and identify yourselves with the FBA Loan Data Collection Seminar for the $135.00 room rate. This rate will be available until Friday, August 11, 2023, or until the room block is sold out, so please make your reservations ASAP.