Stay ahead of regulatory changes with this course on the CFPB’s proposed revisions to Regulation B, implementing Section 1071 of the Dodd-Frank Act. Learn how the Bureau’s streamlined approach redefines covered transactions, financial institution thresholds, and small business definitions—directly impacting data collection, reporting, and compliance. See what data points are now required, which have been removed, and how the single compliance date and transition rules affect your institution. Equip yourself to prepare, comment, and adapt to the evolving small business lending landscape.
In this course you will learn the following:
* Understand the statutory background and goals of Section 1071 and the proposed rule.
* Identify the key changes proposed to Regulation B, including coverage, data points, and compliance requirements.
* Recognize the opportunities for public comment and the importance of stakeholder engagement.
* Anticipate how the rule may evolve based on feedback and ongoing analysis.
* Assess the potential impacts, benefits, and costs of the proposed changes for financial institutions and small businesses.
