Discover the essential updates to Regulation B with our comprehensive course, focusing on the Consumer Financial Protection Bureau’s new compliance date extensions for small business lending. This course covers critical aspects such as compliance requirements, the implications of the rule changes, and provides a clear understanding of the CFPB’s legal authority under the Dodd-Frank Act. Equip yourself with the knowledge to ensure your financial institution remains compliant and avoid potential legal pitfalls.
In this course you will learn the following:
* Understand the purpose and scope of the interim final rule.
* Identify the new compliance dates and requirements for financial institutions.
* Recognize the legal authority and administrative procedures involved.
* Comprehend the consequences of non-compliance with the rule.
