WHAT: The Equipment Leasing and Finance Association is hosting a free webinar, “Section 1071: It WILL Affect Your Operation - Here’s How, And What You Can Do To Prepare.”
WHEN: Wed., June 21, 1-2 p.m. EDT
HIGHLIGHTS: 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. This webinar will present the data requirements and formats that ELFA members need to know. It will cover:
- What is Section 1071 and what transactions are covered.
- What discrete data fields are required, and what is the CFPB report format.
- A discussion on how different organizations might capture, process and report data to the CFPB.
- A discussion on how some finance institutions might change operationally to comply with the data segregation requirements of Section 1071.
WHO: The webinar is presented by ELFA’s Service Provider Business Council Steering Committee (BCSC). Presenters will include:
Moderator:
- Jeffrey Bilbrey, CEO, Leasepath and Member of ELFA’s Service Provider BCSC
Speakers:
- Andy Fishburn, CLFP, Vice President of Federal Government Relations, ELFA
- Stephanie Hall, Vice President of Sales, Quality Equipment Finance
WHERE: To register for this free webinar, go to https://register.gotowebinar.com/register/2973199719795617376.
###
The Equipment Leasing and Finance Association (ELFA) is the trade association that represents companies in the $1 trillion equipment finance sector, which includes financial services companies and manufacturers engaged in financing capital goods. ELFA members are the driving force behind the growth in the commercial equipment finance market and contribute to capital formation in the U.S. and abroad. Its 580 members include independent and captive leasing and finance companies, banks, financial services corporations, broker/packagers and investment banks, as well as manufacturers and service providers. ELFA has been equipping business for success for more than 60 years. For more information, please visit www.elfaonline.org.
Media Contact: Amy Vogt, avogt@elfaonline.org, 202-238-3438