SKU: P4926EN

Small Business Lending Rule (1071) – Firewall Requirements

Regular price $40.00 USD

This online course explains the firewall provisions in Subpart B of Regulation B, which limit access to demographic information collected from small business credit applicants. Under the CFPB’s Small Business Lending Rule (1071), protecting applicant data is more than good practice—it’s a requirement. Under the CFPB’s Small Business Lending Rule (1071), protecting applicant data is more than good practice—it’s a requirement.

You’ll learn who can and cannot access sensitive data, what must be disclosed to applicants, and how to apply these rules within your institution’s policies and procedures. It’s a crucial step in ensuring your compliance program remains airtight.


LEARNING OBJECTIVES

By the end of this course, compliance employees will be able to:

  • Identify which employees are restricted from accessing applicant demographic data
  • Understand what types of information are covered under the firewall rule
  • Provide appropriate disclosures to applicants, when applicable
  • Apply the firewall requirements under Rule 1071 to your policies and practices

COURSE OUTLINE

This course includes:

  1. General Rule
  2. Exceptions to Firewall Requirements

AUDIENCE

This course is designed for compliance professionals, commercial lenders, and support staff involved in small business lending.

SPECIFICATIONS

Duration: 0.25 hours

Module(s): 41843EN

SKU(s): P4926EN

NASBA CPE Credits:

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What can you expect?

  • Complete training anytime and anywhere from any device with an internet connection. 
  • Interactive training with video, exercises, knowledge checks, case studies, and scenario branching for a memorable learning experience. 
  • A final exam is included at the end of the course to ensure knowledge retention.
  • A training completion certificate is instantly awarded when the course is completed with a passing score. 
  • Automatic email notifications to ensure training is completed by the deadline. 
  • Designed by a team of instructional designers, subject-matter experts, and consultants with decades of experience.

What's included?

  • HTML5 format works on any device with an internet connection.
  • Cross-device syncing let's you take training on a mobile device and switch to laptop or desktop without losing your progress.
  • Automatic content updates to keep courses fresh and relevant.
  • An ADA-compliant interface lets you easily switch navigation. 
  • Course modules that include videos and interactive content for a more engaging learning experience. 
  • The course automatically saves your progress, so you never lose your spot. 
  • Complete control of audio and closed captions.
  • Built-in knowledge checks at the end of each section. 
  • A certificate of completion is automatically issued upon finishing the course with a passing score. 
  • An administrator user account lets you buy courses, assign them to your team, track training progress, run reports, and access certificates.

Customer Service

  • Learners receive automated email notifications until training is completed.  
  • Phone and email customer support at no additional cost.  
  • Submit and track support requests 24/7 in our support portal.
  • Access help articles and resources in our knowledge base.
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⭐️ ⭐️ ⭐️ ⭐️ ⭐️

The training was exactly what I needed—easy to understand and accessible from any device.

David

Vubiz Learner

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Course Features

Our courses are ADA-compliant, work on any device with an internet connection, incorporate interactive learning activities, and are updated regularly.

Frequently Asked Questions

How do I access training?

After purchase, you can self-register for training from your Account Dashboard.

How long do I have access?

You have one year of access to the course.

What happens if I fail the exam?

The purpose of the exam is to test your knowledge. You simply take it again until you pass.

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Can I change the name on the certificate?

Yes. You’ll need to contact our support team before you complete the course.

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