Crowe | 1 CPE | Start preparing for Section 1071

Crowe | 1 CPE | Start preparing for Section 1071

The Consumer Financial Protection Bureau plans to begin enforcing the collection and reporting of small business credit applications as mandated by Section 1071 of the Dodd-Frank Act.

In this webinar, we will discuss the status of Section 1071, the expectations of the proposed rule, and what your financial services organization should consider now to meet those expectations.

You should leave this webinar with the ability to:

  • Briefly state the history of Section 1071 and its proposed regulatory requirements
  • Describe the importance of data gathered via Section 1071 requirements to financial services organizations
  • Determine the potential challenges of implementing Section 1071 requirements within your organization
  • Establish first or next steps for timely implementation of Section 1071 requirements

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