Compliance Class: How the Small Business Lending Data Proposal Could Affect You
This program reviews the CFPB’s October 2021 proposal to amend Regulation B. As this amendment is required by the Dodd-Frank Act, this long expected proposed rule is going to be one of the most significant regulatory changes of the decade for many financial institutions. Imagine implementing a HMDA program from scratch. Well, that is exactly what is going to happen with this proposal: HMDA for commercial loans. While this is only a proposed rule, the significance of this future final rule is so massive, that its not to early to start to understand how this change will affect your organization. Our 40-minute long program takes higher level look at the Regulation B proposal, discusses some key things that could change when the rule is finalized, who would be subject to the new rule, and some things you can do now to start preparing for this inevitable, massive new rule.
BONUS: Mini Class (i.e. Executive Summary)
As a bonus, we are including access to our mini class, Executive Summary of the CFPB’s Proposal on Small Business Data Collection. This mini class is automatically included for all attendees of our How the Small Business Lending Data Proposal Could Affect You program and provides two main tools to assist financial institutions with the upcoming amendments to Regulation B. First, the mini class includes a 10 minute executive summary style video that quickly explains the proposed rule, who it would apply to, the basic burdens of the rule, and a few steps that your financial institution can consider taking now. The second tool is a 2 page executive summary document that provides a brief overview of the proposed rule. This mini class is designed to be shared with anyone in your organization such as senior management, the board of directors, commercial lenders, or anyone that should know about the upcoming rule.
Class Pricing
REGULAR: $329
NOTE: The training video in this program was taken directly from our Forward Thinking 2022 - which is another way this program can be purchased. More information on our Forward Thinking 2022 class, which includes the exact video from this program, can be found by clicking here.
If you would like to demo this class before you purchase it to make sure it's what you are looking for, just let us know and we can work something out.