ELFA - Equipment Leasing and Finance Association - Equipping Business for Success

Section 1071-It WILL Affect Your Operation

Now that the CFPB finalized the rule on Section 1071 of Dodd-Frank, the Equipment Finance industry has to prepare for compliance with the rules and reporting requirements. In this webinar from the ELFA Service Provider Business Council Steering Committee, you can expect to be given the exact data requirements and formats you need to know and you will learn the basics of:

  • What is S.1071 and what transactions are covered
  • What discrete data fields do you need to have, and what is the CFPB report format
  • Hear a discussion on how different organizations might capture, process and report to the CFPB
  • Hear a discussion on how some finance institutions might change operationally to comply with the data segregation requirements of S.1071