Deep Dive Into the Section 1071 Final Rule

Because of the importance of this topic, Section 1071 Final Rule, Bankers Alliance is making this webinar available for anyone in the banking industry. If you enjoy this video and are not a member, but are interested in what our annual subscription programs might add to your compliance stance, please contact our Membership team at (833) 683-0701 or at [email protected]

ABA CE Credits: 1.25 CRCM

Description: Congress directed the CFPB to adopt regulations governing the collection of small business lending data and Section 1071 of the Dodd-Frank Act amended the ECOA to require financial institutions to comply, maintain, and submit certain data on application for credit for women-owned, minority-owned, and small businesses.

This webinar will examine, review and analyze the final rule expected in March 2023 and will include a walkthrough of definitions, covered transactions, data collection requirements and limitation and recordkeeping requirements.

People Who Should Attend: Compliance Officers and Personnel, Operations personnel, Accounting personnel, ECOA and Fair Lending officers and Auditors.

Presenter:  Victoria E. Stephen, JD, CRCM
Senior Vice President and Deputy General Counsel

Victoria serves as Senior Vice President and Deputy General Counsel for Compliance Alliance. Since joining C/A in 2015, Victoria’s played a role in various facets of the organization, including leading our team of hotline attorneys and compliance officers, developing new products for members, and trainings, both internal and external. She was the first editor of ACCESS magazine and took a leading role in the website development team. Victoria has spoken at a number of compliance conferences and schools, and written for many national and state banker publications.

While working toward her B.B.A. in Finance from The University of Texas McCombs School of Business, Victoria developed a passion for banking and compliance during an internship with a community bank in South Texas. She continued her interest at The University of Texas School of Law, becoming a licensed attorney in the state of Texas.

In her career, Victoria has worked in the consulting industry, counseling some of the nation’s largest banks on all matters involving regulatory risk, compliance, and controls. Her experience includes advising on the design of compliance risk management programs and a variety of enforcement action remediation efforts for institutions with assets over $100 billion.

Download the presentation slides: Deep Dive Into the Section 1071 Final Rule Webinar (04/2023)
Download the desk manual: Deep Dive Into the Section 1071 Final Rule Webinar  (04/2023)