Understanding and Implementing the New Regulation B Small Business Loan Data Collection and Reporting Rules

The proposed revisions to Regulation B represent one of the most significant new regulatory events in recent history. All financial institutions, except those that originate less than 25 “covered credit transactions” to “small businesses” in each of the two preceding calendar years, must implement a full compliance management system, including policies, procedures, training, and audit.

Participants receive a detailed manual that serves as a handbook long after the program is completed.

What You’ll Learn

• Who is covered by the new regulation
• The definition of “small business”
• The definition of “application”
• Which transactions are reportable and which are exempt from reporting
• The 21 data fields to be collected
• The data collection form
• The tolerances applied to the collected data
• The “firewall” concept
• Rules for reporting data to the CFPB
• What data gets published, when it gets published, and how it gets published
• Recordkeeping requirements
• Enforcement provisions
• Likely effective date of the rule
• Steps to successful implementation of the new rules

Who Should Attend
The program is designed for the board of directors, senior management, loan officers, compliance officers, training staff, and auditors.

Instructor Bio
Kimberly Boatwright is EVP and Director of Risk and Compliance at Compliance Resource, LLC, and has more than two decades of experience working in the financial services industry. Ms. Boatwright is a well-regarded financial industry risk and compliance professional with a strong background in program development and implementation. She is a thought leader who specializes in Fair Lending, Anti-Money Laundering, OFAC, and consumer compliance. During her career, she has worked for and consulted with all types of financial institutions helping to establish and evolve compliance and risk programs. She is a frequent public speaker, trainer, and author on compliance and risk management topics. Boatwright is a Certified Regulatory Compliance Manager and a Certified Anti-Money Laundering Specialist.

Registration Option

• Live Access, 30 Days OnDemand Playback, Presenter Materials and Handouts – $279
• Available Upgrades:
  • 12 Months OnDemand Playback + $110
  • 12 Months OnDemand Playback + CD  + $140
  • Additional Live Access + $75 per person