We are excited to announce two compliance webinar opportunities that will be available in the coming weeks focusing on recent regulatory developments. The first webinar will cover the Regulation B (1071) - Small Business Lending Rule, while the second webinar will focus on current regulatory hot topics. The webinars will be presented by Steve H. Powell and Company President Brad Washburn and are designed for compliance, audit, operations, and lending professionals with responsibilities for completing or reviewing the Bank’s regulatory compliance related processes. In addition to compliance staff the Regulation B (1071) webinar would be a great introduction to the rule for Senior Lenders, commercial loan staff and Senior Management. Already have questions? If you or your management team have questions you can send them in ahead of the presentation with your registration form to be addressed during the webinar. Time permitting, questions received during the webinar will be addressed live. Any questions received before and during the presentation will be addressed in a written Q&A document provided to all registrants.
May 31st, 2023: 1:00 – 3:30 pm EDT
Regulation B (1071) - Small Business Lending Rule
On March 30, 2023, the CFPB issued the final rule for the small business lending rule, which was mandated under Section 1071 of the Dodd Frank Act over a decade ago. This is the most significant fair lending collection effort by the CFPB to date by requiring financial institutions to compile data regarding certain business credit applications and report that data to the CFPB to aid in its fair lending enforcement. In addition, the final rule provides other technical requirements including those requiring safeguarding of data, shielding of data from certain lending personnel, and recordkeeping. Compliance with this new rule is going to take a lot of planning, policy and procedure updates, and staff training within your institution. This session will break down the final rules and provide guidance to help compliance officers to begin preparing their institution for implementation.
Topics will include:
June 1st, 2023: 1:00 – 3:30 pm EDT
Current Regulatory Compliance Hot Topics
Financial institutions continue to face challenges while working to keep up with the changes, demands, and challenges presented by an evolving regulatory landscape. With these challenges continuing to limit staffing and other resources, it is critical for management to be prepared with actionable intelligence, risk perspective, and best practices to successfully navigate regulatory examination and audit processes. This session will present current regulatory compliance hot topics management should consider in preparing for upcoming regulatory examinations or audits, including fair lending, UDAAP, and other timely compliance issues.
Topics will include:
Cost
Client Pricing for each webinar is $250 per registration or you can register for both webinars for a discounted $400 per registration. Non-Client Pricing for each webinar is $275 per registration or you can register for both webinars for a discounted $500 per registration. To register for the webinars, please click the link below. Please contact Jeremy Clifton at jclifton@shpco.net or 912-682-3097 if you have any questions. We will register the training with the ABA and would expect to receive 2.5 hours of continuing education credits for CRCMs for each webinar.
Click here to register.
About the Speaker
Brad began his career at Steve H. Powell & Company in 2002 specializing in regulatory compliance review, consulting, and training for a wide range of financial institutions. In 2011 Brad was named a director where he was responsible for leading the Company’s Compliance Division, as well as assisting with strategic planning, business development and client relations. In 2022, he became a shareholder and President of the Company.
Brad has served as a featured speaker and panel member for numerous banking trade group sponsored seminars and events related to regulatory compliance matters throughout the Southeast. He has served as an instructor for the Georgia Banking Association sponsored Georgia Banking School and Compliance School at the University of Georgia, and he has contributed to banking programs with the Department of Finance at Georgia Southern University. Brad has also been quoted in national publications as a subject matter expert regarding regulatory compliance matters.
Brad has a BBA in Finance from Georgia Southern University, Statesboro, Georgia, is a Certified Anti-Money Laundering Specialist (CAMS) and is a Certified Regulatory Compliance Manager (CRCM). Brad is originally from Macon, Georgia and currently resides in Statesboro, Georgia with his wife, son, and daughters. Brad is a member of First Baptist Church Statesboro where he has served on the Finance Committee. During his free time, he enjoys spending time with his family, going to concerts, and keeping up with Georgia Southern University sports.
May 31st, 2023: 1:00 – 3:30 pm EDT
Regulation B (1071) - Small Business Lending Rule
On March 30, 2023, the CFPB issued the final rule for the small business lending rule, which was mandated under Section 1071 of the Dodd Frank Act over a decade ago. This is the most significant fair lending collection effort by the CFPB to date by requiring financial institutions to compile data regarding certain business credit applications and report that data to the CFPB to aid in its fair lending enforcement. In addition, the final rule provides other technical requirements including those requiring safeguarding of data, shielding of data from certain lending personnel, and recordkeeping. Compliance with this new rule is going to take a lot of planning, policy and procedure updates, and staff training within your institution. This session will break down the final rules and provide guidance to help compliance officers to begin preparing their institution for implementation.
Topics will include:
- Institutional coverage
- Transactional coverage
- Requirements to Collect and Report Data
- Sample Data Collection form
- Provisions Regarding Availability of Data and Publication of Data
- Requirements to Limit Access to Certain Data (Firewall)
- Recordkeeping
- Effective Date and Compliance Date Tiers
- Transitional provisions and Safe Harbors
- Other Resources and Best Practices
June 1st, 2023: 1:00 – 3:30 pm EDT
Current Regulatory Compliance Hot Topics
Financial institutions continue to face challenges while working to keep up with the changes, demands, and challenges presented by an evolving regulatory landscape. With these challenges continuing to limit staffing and other resources, it is critical for management to be prepared with actionable intelligence, risk perspective, and best practices to successfully navigate regulatory examination and audit processes. This session will present current regulatory compliance hot topics management should consider in preparing for upcoming regulatory examinations or audits, including fair lending, UDAAP, and other timely compliance issues.
Topics will include:
- Commonly cited violations
- Other Supervisory observations
- Section 8 – Referral arrangements
- FCRA - Trigger Leads
- SCRA - Payment Adjustments
- Fair Lending / Appraisal Bias
- Junk Fees Guidance / APSN Guidance
Cost
Client Pricing for each webinar is $250 per registration or you can register for both webinars for a discounted $400 per registration. Non-Client Pricing for each webinar is $275 per registration or you can register for both webinars for a discounted $500 per registration. To register for the webinars, please click the link below. Please contact Jeremy Clifton at jclifton@shpco.net or 912-682-3097 if you have any questions. We will register the training with the ABA and would expect to receive 2.5 hours of continuing education credits for CRCMs for each webinar.
Click here to register.
About the Speaker
Brad began his career at Steve H. Powell & Company in 2002 specializing in regulatory compliance review, consulting, and training for a wide range of financial institutions. In 2011 Brad was named a director where he was responsible for leading the Company’s Compliance Division, as well as assisting with strategic planning, business development and client relations. In 2022, he became a shareholder and President of the Company.
Brad has served as a featured speaker and panel member for numerous banking trade group sponsored seminars and events related to regulatory compliance matters throughout the Southeast. He has served as an instructor for the Georgia Banking Association sponsored Georgia Banking School and Compliance School at the University of Georgia, and he has contributed to banking programs with the Department of Finance at Georgia Southern University. Brad has also been quoted in national publications as a subject matter expert regarding regulatory compliance matters.
Brad has a BBA in Finance from Georgia Southern University, Statesboro, Georgia, is a Certified Anti-Money Laundering Specialist (CAMS) and is a Certified Regulatory Compliance Manager (CRCM). Brad is originally from Macon, Georgia and currently resides in Statesboro, Georgia with his wife, son, and daughters. Brad is a member of First Baptist Church Statesboro where he has served on the Finance Committee. During his free time, he enjoys spending time with his family, going to concerts, and keeping up with Georgia Southern University sports.
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