Collision of Fair Lending, CRA & Section 1071

Collision of Fair Lending, CRA & Section 1071 (In-Person, Live Stream and Recording)

April 24, 2024

Member Fees: $265 (In-Person); $365 (Live Stream); $530 (Recording); $100 Add On Recording Fee with In-Person or Live Stream Registration
Non-Member Fees: 
$465 (In-Person); $565 (Live Stream); $730 (Recording); $100 Add On Recording Fee with In-Person or Live Stream Registration

On March 30, 2023, the Consumer Financial Protection Bureau (CFPB) published an 888-page final rule to implement Section 1071 of the Dodd-Frank Act. That section amends the Equal Credit Opportunity Act (ECOA) to require financial institutions to collect and report certain data in connection with credit applications made by women- or minority-owned and/or LGBTQI+ businesses and small businesses. While a federal judge halted implementation of the rule, bankers should still use this extra time to prepare.

The combination of these three critical regulations will bring to light issues in lending policies and will highlight a lack of lending in certain areas which is a direct link to Redlining. The financial institutions that fail to meet the credit needs of their selected assessment area are a target of special interest groups. The populations of the redlined areas are often high minority (fair lending) and low income (CRA). That is the collision of fair lending and CRA. What will the future bring with the passing of Small Business Data Collection 1071 regulations.

Topics include:

  • The umbrella of laws and regulations that make up fair lending
  • The final regulations for CRA and Section 1071 and the intersection with fair lending
  • Steps to detect potential redlining and actions to take to minimize problems
  • The public data collection requirements, the annual reporting requirements and what the data will say about your institution
  • The concept of Reasonable Expected Marketing Area and its impact to fair lending, CRA and Section 1071
  • The issues present in recent cases, the penalties imposed on each institution and the corrective action ordered by the regulators and what we can learn from them

ABA Professional Certifications Continuing Education Credit (For in-person and live stream registration options only)

This program has been approved for 7.25 CRCM and 7.25 CERP credits by ABA (American Bankers Association) Professional Certifications. Certified professionals will report these credits at

Lending and CRA officers

Kimberly Boatwright is EVP and Director of Risk and Compliance at COMPLIANCE RESOURCE, LLC and has more than two decades of experience working in the financial services industry. Ms. Boatwright is a well-regarded financial industry risk and compliance professional with a strong background in program development and implementation. She is a thought leader who specializes in Fair Lending, Anti-Money Laundering, OFAC and consumer compliance. During her career she has worked for and consulted with all types of financial institutions helping to establish and evolve compliance and risk programs. She is a frequent public speaker, trainer, and author on compliance and risk management topics. Kimberly is a Certified Regulatory Compliance Manager and a Certified Anti-Money Laundering Specialist.

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4/24/2024 9:00 AM - 4:00 PM
LBA/The Bankers Center 5555 Bankers Avenue Baton Rouge, LA 70808 UNITED STATES


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