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ABA: The American Bankers Association
Webinar

ABA’s Guide to Section 1071 - The Fundamentals

Aired: May 30, 2023

The CFPB finally revealed the 1071 rule on March 30, and ABA’s experts have been poring over the final rule ever since. The rule is 880 pages, and just as a journey of a thousand miles begins with the first step, ABA will walk you through that first step by providing an overview of the 1071 rule and its major provisions.

This will be the first in a series of webinars designed to help you understand the rule and be ready to comply when you must start collecting data. Subsequent webinars in the series will take deeper dives into some of the particularly thorny subjects embedded in the final rule.

The expert speakers in this session will cover:

  • New Section 1071 major provisions
  • Elements of the more problematic rule requirements
  • Strategies to ensure your bank is on the path to compliance

Speakers
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Course Duration

Approximately 1 hour

CFPB to Hold Webcast on Small Business Lending Rule

The CFPB will host a webcast on the small business lending rule on Wednesday, June 28, at 11 a.m. EDT. Agency staff will provide information to help financial institutions determine whether they are covered for purposes of complying with the rule. The presentation also will include information on how to determine if transactions are covered credit transactions and whether businesses are small businesses.

Register for the webcast

MinBanc Foundation Grants

The MinBanc program reimburses training costs for minority- and women-owned banks, including training with ABA. Learn more about the program and find out if you qualify.

Learn More About MinBanc

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