Thank you for your interest in our webinars! To access this presentation, please login at the top of the page. If you are not a registered member but are interested in our services, please contact [email protected].
Description:
With the recent regulatory updates, many institutions are facing the challenge of complying with the data collection and reporting requirements of multiple federal regulations. In this Webinar, we will outline some of the nuances and common elements for data collection and reporting under regulations such as Regulation C, the Community Reinvestment Act, and Section 1071. We will outline the scope of the reporting requirements, as well as how the applicability of these requirements vary based upon the loan and what information must be collected to ensure compliance with each regulation. Finally, we will offer some best practices on how banks can record and maintain this information to assist in the reporting process.
Key Takeaways:
· Applicability of HMDA, CRA & 1071 based upon a bank’s lending activities
· Scope of information required to be collected
· Exemptions and exceptions to information collection rules
· Best practices for collecting and maintaining data
Presenter:
Jessica Lamoreux, JD
Assistant Vice President and Associate General Counsel
Jessica Lamoreux, JD, works as Assistant Vice President and Associate General Counsel for Compliance Alliance. She graduated magna cum laude from Case Western Reserve University School of Law, where she served as Contributing Editor on the law review. She also holds a Bachelor’s degree in Political Science from Kenyon College. Before her work in regulatory compliance, she served as a law clerk in the U.S. Bankruptcy Court. She is licensed in the State of Ohio.
Ms. Lamoreux’s has a strong background in consumer financial services; beginning as the Compliance Attorney for a mid-size debt collection law firm and later as Associate Counsel for a consumer lender. Most recently, Jessica was the Director of Risk & Compliance at an SaaS startup, where she advised on the design of software for managing the placement of defaulted receivables with third party collectors. Jessica’s work has consistently focused on policy drafting and employee compliance training. She has also frequently presented on regulatory issues at the National Creditors Bar Association and other industry events. Along with her Hotline duties, Jessica will also be a featured ACCESS magazine author.