"My favorite part of attending ICBA Institutes is connecting with peers from other institutions. I look forward to future events knowing familiar faces will be there, and while the training is always excellent, it’s the networking that keeps me coming back."
-McKenzie Humpal, VP Compliance Officer at First Citizens Bank in Iowa
"Through ICBA, I earned the CCBIA, CBAP, and CCBCO designations, each enhancing my role at different stages of my career. Each designation provided valuable resources and insights that improved my expertise in these areas."
-Michael Hoehn, Assistant Compliance Officer and CRA Officer at First Metro Bank in Muscle Shoals, Alabama.
"The Fraud Seminar was excellent and very informative. I got a lot of resources that will help in our FI. Great tools."
-Donna Franklin, AmeriState Bank, Atoka, Ohio
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Small Business Lending Rule (1071): In-Depth (Individual)
Online Course
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CPE Credits: 1.25
The Small Business Lending Rule (aka 1071) requires financial
institutions collect and report to the CFPB certain data regarding
applications for credit for women-owned, minority-owned, and small
businesses in order to facilitate enforcement of fair lending laws,
and enable communities, governmental entities, and creditors to
identify business and community development needs and opportunities.
This course will provide the details of the new Subpart B to
Regulation B in order to comply with the Small Business Data
Collection requirements. This course is intended for compliance professionals.
Learning Objectives:
State the purpose of Section 1071
Identify whether or not a financial institution is a Small
Business Data Collection reporter
Identify the transactions that are applicable for reporting
Know when to report covered loans
Identify the data collection points
Ensure compliance with the firewall rules
Ensure compliance with disclosure requirements
Course Outline:
Covered Financial Institutions and Effective Dates
Covered Transactions
Covered Applications
Data Points
Demographic Data Collection and Disclosures
Firewall
Disclosure of Available Data
Recordkeeping
Policies and Procedures
Rev-June 2025. Course length ˜ 75 minutes. This course is worth 1.25
CPE credit.
