What’s Up with Section 1071
You are all likely aware that the Section 1071 Rule is in a state of flux. There have been lawsuits, court cases, stays of rulings and that was all going on even before we got a new Administration with differing views. It really is chaotic right now and it’s hard to know what to do, what not to do, etc. We get the impression that a lot of financial institutions think 1071 is just going to go away and while that is a possibility, we think its very, very small. The much more likely outcome is that 1071 will be rewritten and likely look different than what was expected.
Jerod explains more in the video.
2025/04/23
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!