ECOA Small Business Lending Data Collection
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. This session will bring you plain English solutions!
What You’ll Learn
Who Should Attend
This webinar is designed for management, loan officers, loan processors, compliance, audit, and loan operations personnel.
