Webinars - Live

Section 1071: Developing a Data Collection Process Under the Final Rules

June 12 | 3:00 pm - 4:30 pm ET
Category:
Webinars - Live
Contact: Jordan Inkley at jinkley@mainecul.org

The new Section 1071 rules contain sweeping changes to the Equal Credit Opportunity Act (ECOA).

Do you understand the new data collection rules? With the tiered effective dates, do you know when they apply to you? What are the best resources? How should you prepare? Join us to get insight into this long-awaited rule.
 
AFTER THIS WEBINAR YOU’LL BE ABLE TO:
  • Identify when your financial institution will be required to collect and report the geographic and demographic data, lending decisions, and the price of credit
  • Use the CFPB tools and resources to develop a data collection process
  • Leverage the procedures used by HMDA reporters to collect the demographic information from women and minority applicants
  • Determine if there are significant gaps in the current loan application process for the 42 data points
  • Distinguish which data elements may be restricted from access by certain employees in the firewall provision of the rule

For more information or to register CLICK HERE