Workshop Science, Education, Inventions Loan Data Collection 2023

The CFPB finalized the implementation of Section 1071 of the Dodd-Frank Act. This seminar explains the final rule, its differences from proposed requirements, and offers guidance on easing the regulatory burden and ensuring smooth implementation. Compliance with Section 1071 will require a comprehensive compliance management program, including new policies, procedures, training, auditing, and budget adjustments for several years. This session is recommended for anyone seeking a better understanding of Section 1071's final rule, especially compliance officers, professionals in commercial lending, compliance, training, loan services, auditing, and senior management.