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ECOA Small Business Lending Data Collection Webinar


Section 1071 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) amends the Equal Credit Opportunity Act (ECOA) with respect to collecting and reporting certain data on small business credit applications, including those that are minority-owned and women-owned. It also calls for safeguarding that data, shielding it from certain persons within your loan process, recordkeeping requirements and more. Preparing to comply with this Rule will require a lot of planning, training and procedural updates within your institution.

Jerod Moyer will bring you plain English solutions!

What You’ll Learn

  • The Latest Updates
  • Financial Institution Coverage & Mandatory Compliance Dates
  • Covered Applications: What’s In and What’s Out?
  • Gross Annual Revenues and Small Businesses
  • Required Data & The Data Collection Process (Time & Manner)
  • Restricted Data: Business Ownership Status & Demographic Information
  • The “Firewall” and Recordkeeping Requirements
  • Your Questions, Plain English Answers & Much More!

Who Should Attend
This webinar is designed for management, loan officers, loan processors, compliance, audit and loan operations personnel.