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Dodd-Frank Rollback, What this New Law Means to You

Wednesday, June 27, 2018

11:30 am - 1:30 pm PT

12:30 pm - 2:30 pm MT

1:30 pm - 3:30 pm CT

2:30 pm - 4:30 pm ET

Length:
2 Hours
Price:
$255
Sponsor:
BOL Learning Connect
Contact:
Carin Eisenhauer mailto:carin@bankersonline.com +1 (888) 229-8872

On May 24, 2018, a new law was signed that will rollback some of the Dodd-Frank requirements for some banks, but not all. There will also be some “new” requirements which we thought retired years ago and another that was temporary for years and years and is now permanent.

This all means there are new requirements mixed into some deregulation. What areas are impacted? There’s mortgage credit; access to credit; protections for veterans, consumers and homeowners; rules for holding companies; capital access; and student borrowers.

When are the changes effective? Some are effective now, some will be in 30 days, 60 days, after a regulation is finalized and so some dates are just not known. A key takeaway is that just because a law is now changed, It doesn’t mean the bank should stop its current compliance procedures. Not right away, anyhow.

We will discuss what we do know, what we don’t know and some strategies for moving forward based on the changes. HMDA has changed for many small reporters. If your bank qualifies, does this mean you rollback HMDA to 2017 rules? No! It isn’t that easy. You need a plan and guidance from the Bureau.

This webinar is intended to make you aware of what will change with an emphasis on regulatory compliance matters, and when and how to manage your compliance process going forward. Making changes in the dark can be risky; we will shed light so that you do not get lost on this journey.