Small Business Lending Rule (1071) – Firewall Requirements

This Small Business Lending Rule (1071) – Firewall Requirements online training course is designed compliance professionals, commercial lenders and support staff. The Small Business Lending Rule (Section 1071 of the Dodd Frank Act) requires financial institutions collect and report to the CFPB certain data regarding applications for credit for women-owned, minority-owned, and small businesses. The Small Business Lending Rule has certain restrictions around access to the data collected in connection with the rule, referred to as the “firewall”. This course will provide details on the firewall requirements.

SKU: P4926EN

$40.00

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This Small Business Lending Rule (1071) – Firewall Requirements online training course explores the firewall rules which must be included in a bank’s Small Business Lending Rule Policies & Procedures. “Firewall” is a term sometimes used to describe a provision in the Small Business Lending Rule that prohibits certain employees and officers of covered financial institutions (and certain of their affiliates’ employees and officers) from accessing demographic information obtained from small business applicants.

Course Learning Objectives

By taking this online Small Business Lending Rule (1071) Firewall Requirements course, the user will learn:

Which employees may or may not have access to information
The information certain employees may or may not have access to
The appropriate disclosures to applicants if applicable
The firewall rule requirements

Course Outline

This online Small Business Lending Rule (1071) – Firewall Requirements course is made up of the following sections:

General Rule
Exceptions to Firewall Requirements

Course Audience

This Small Business Lending Rule (1071) – Firewall Requirements online training course was designed for compliance professionals, commercial lenders and support staff employees.

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