Section 1071: Keeping Your Board Informed
It’s no secret that Section 1071 is up in the air. No one really knows for sure how it will all shake out. Will the rule go away completely? (slim chance). Will the rule be rewritten? (most likely). Will a rewritten rule look anything like what was supposed to go into effect? (who knows). Regardless of where you were at in your 1071 implementation process when all the craziness started, the one thing we strongly encourage you to do is keep your Board informed.
Jerod explains more in the video.
2025/04/24
Jerod Moyer
Jerod is the leader of Banker’s Compliance Consulting’s training productions. He is a nationally recognized speaker. Whether it’s a conference, seminar, school, webinar or luncheon, it’s easy to stay engaged when he presents due to the amount of passion and energy he brings to each and every compliance topic. Jerod has spoken on behalf of the American Bankers’ Association, BankersOnline, many state banking associations, private compliance groups and financial institutions. He is a Certified Regulatory Compliance Manager (CRCM) and BankersOnline Guru. Jerod likes to spend his time (between reading regulations and producing compliance training!) relaxing at the lake with his wife and three children, following their activities or engaged in something sports-related!