Answer:
As you’re probably aware, implementing the 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. Join us in August to learn more about:
The scope of Section 1071 and its impact on your institution.
Actionable steps for implementing the new rules as efficiently as possible within your institution.
The required data fields and find out to begin collecting them.
The resources that may be required to achieve compliance, including budgeting, staffing, tools & training.
Communicating the impact of Section 1071 on the institution to the board, senior management, and commercial lending teams.
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Learn more about Kimberly Boatwright’s, Small Business Lending Data Collection – Section 1071 webinar.
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