Updates to the Community Reinvestment Act (CRA) and Section 1071 of the Dodd-Frank Act brought substantial changes and updates to the compliance world in 2024.

The CRA changes modernize regulations that address inequities in access to credit and the rise of digital banking. Section 1071 requires financial institutions to collect and report data on credit applications from women-owned, minority-owned, and small businesses. 

Join us for a webcast, Regulatory Compliance Updates: CRA and Section 1071, to stay informed on:

• Litigation updates
• Where each development currently stands
• Changes to effective dates
• Steps to remain compliant

Noory Song, CRCM, CAMS, CRMA, Director, Moss Adams

Noory has advised clients in the areas of finance, accounting, operational controls, regulatory compliance, and risk management since 2005. He specializes in the review of the Bank Secrecy Act (BSA), lending and deposit regulations, residential mortgage and commercial lending, and asset quality reviews.

Jocali Nakao, CRCM, CAMS, CERP, CCAS, Manager, Moss Adams

Jocali is an experienced regulatory compliance, audit, and risk professional who has been working with financial institutions since 2008 and spent the majority of his career in risk and compliance roles. He’s performed audits, risk assessments, and consultation services for banks, credit unions, mortgage lenders, and FinTech companies of all sizes across the United States. He specializes in numerous areas of regulatory compliance including, but not limited to, TILA, RESPA, TRID, ECOA, FCRA, Fair Lending, CRA, HMDA, UDAP/UDAAP, SAFE Act, marketing and advertising regulations, TCPA, MLA, Flood Disaster Protection Act, CCPA, BSA/AML, OFAC, USA Patriot Act, TISA, and other consumer protection regulations.