The CFPB 1071 Rule Virtual

If you are not a KBA member, please contact Jamie Hampton at jhampton@kybanks.com for the possibility of attending at a non-member rate.

Online registrations are followed up with an email confirmation. Once an online registration is started you must click proceed to check-out and then click submit to finalize the registration. Registrants can view events they are registered for by using the MyKBA link on https://www.kybanks.com.

Program is via Zoom, you will receive the link information the afternoon before the program and again the morning of the program.

The CFPB 1071 Rule: Essentials for Ensuring Compliance Readiness

This session will include 1071 Rule updates and nuances as well as a deeper dive into the major core bank team decisions, such as the application process, how to handle the firewall component, and best practices on testing and monitoring compliance with the Rule.

We will also include an overview of ancillary opportunities stemming from the Rule, such as standardized pricing models and/or rate sheets. Finally, we will discuss best ways to handle the cultural change management of going from a less formal small business application and lending process to a more formal one without disrupting the lender/borrower relationship.
When
1/29/2025 10:00 AM - 12:00 PM
Eastern Standard Time
Registration
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Last day to register is 1/30/2025

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About the Speaker(s)



Paula King
Abrigo

Paula King, CPA, is Senior Advisor for Abrigo Advisory Services, part of a team of subject matter experts assisting financial institutions nationwide in the interpretation and application of banking regulatory and accounting requirements including the Current Expected Credit Loss (CECL), Enterprise Risk Management, compliance and credit policies and procedures, model validations, and most recently, the SBA’s Paycheck Protection Program forgiveness process. Paula has held executive positions, including as Chief Financial Officer, in the banking industry for more than 25 years. As a former CFO and bank co-founder, Paula has extensive experience in all aspects of banking, including asset-liability management, credit, compliance, operations, product development, and director responsibilities. In addition, she has served on internal credit committees and worked with loan teams to improve credit processes as well as with third-party providers to enhance the capabilities of a variety of core loan systems. Prior to her banking career, she was associated with a regional public accounting firm and specialized in bank audit services. Paula has been responsible for SEC and financial reporting, strategic planning, and has also served as Chief Risk and Compliance Officer. She is a bank co-founder and was a member of the board of directors through its merger with another financial institution. In addition, she has been a de novo bank consultant to boards and senior management teams.


Education Alliance Cancellation Policy
 Substitutions are always welcome and encouraged. All cancellations and substitutions request must be submitted in writing prior to the event.

KBA Seminar Registrations can cancel 30 days prior to the event date and receive a full refund. Cancellations received between 29 days and 10 days prior to the event will be charged a $50 processing fee. There will be no refund for cancellations received less than 10 days prior to the event.

KBA Schools Applicants can withdraw from a KBA School 10 days prior to the 1st day of the school for a refund minus a $150 cancellation fee. There is no refund if an applicant withdraws after the deadline or if applicant fails to attend the school, with the exception of extenuating circumstances. Due to commitments and expenses we cannot reverse, such as: handouts, food, beverages, room rentals, speaker fees, etc.; even extenuating circumstances will require partial refunds because of these expenses.