Section 1071: It WILL Affect Your Operation – How and What You Can Do to Prepare

Leasepath CEO unpacks effects of Section 1071 on equipment finance businesses in ELFA’s new webinar.

Now that the CFPB finalized the rule on Section 1071 of Dodd-Frank, the Equipment Finance industry has to prepare for compliance with the rules and reporting requirements. In this webinar from the ELFA Service Provider Business Council Steering Committee, you can expect to be given the exact data requirements and formats you need to know and you will learn the basics of:

ELFA is hosting a free webinar, “Section 1071: It WILL Affect Your Operation – Here’s How, And What You Can Do To Prepare,” on Wed., June 21, 1-2 p.m. EDT. Leasepath CEO Jeff Bilbrey will join equipment finance leaders from the ELFA Service Provider Business Council Steering Committee, a group of companies dedicated to supporting the equipment finance community.

Leasepath CEO Jeff Bilbrey

Register today by clicking this link.

Now that the CFPB finalized the rule on Section 1071 of Dodd-Frank, the equipment finance industry has to prepare for compliance with the rules and reporting requirements. This webinar will present the data requirements and formats that ELFA members need to know.

Discussion topics will include:

  • What is Section 1071 and what transactions are covered.
  • What discrete data fields are required, and what is the CFPB report format.
  • A discussion on how different organizations might capture, process and report data to the CFPB.
  • A discussion on how some finance institutions might change operationally to comply with the data segregation requirements of Section 1071.

About Jeffrey Bilbrey

Jeffrey Bilbrey has been creating, delivering and advancing enterprise technology products and related services since the early 90’s. Today, he serves as CEO of global business for Leasepath where he is accountable for ensuring customer delight and driving the flagship platform for cloud-based finance originations to the leading edge in the market. Leasepath has been on an impressive growth streak by expanding product offerings, increasing market awareness and delivering innovative market-leading capabilities on a flexible cloud platform.

Bilbrey has always been involved in IT and consulting. He loves software products; not because he’s a techie person, but because he enjoys seeing how tech and automation can solve real business problems. He started his career out of university by traveling to Europe for five years as a consultant in the telecom industry (AMS – American Management Systems). After that, Bilbrey moved to a startup in Boulder, CO working on the very first online banking and bill-pay technologies (Avolent). He then spent many years in P&C Insurance tech as global product manager and delivery lead (Sentry Insurance, Majesco); then followed a passion as a leader in Healthcare IT (Cancer Treatment Centers of America); was a board member and president of a publicly traded multinational in the commercial finance software industry (Netsol:NTWK).

Bilbrey lives in Thousand Oaks, CA with his wife and three children. He is an avid outdoorsman, with a love for hiking, hunting, fishing, boating, cycling, running, triathlons and exploring all the peace and wonders of the great outdoors.

About Leasepath

Leasepath is the Intelligent Workplace platform for Customer Engagement (CRM) and Origination (LOS), purpose-built exclusively for the equipment finance industry. Leasepath is powered by the Microsoft Power Platform to provide a proven, cloud-first solution complete with configurable, dynamic, automated solutions for pricing, amortization calculation, asset management, tax, documentation, and integration with mission critical applications like e-mail, e-signature, and KYC credit and data providers. Leasepath is the preferred choice for equipment finance businesses to win more deals, risk less, and profit more. One of the Inc. 5000’s fastest growing companies in the US, Leasepath serves Banks, Independent Finance, Captive Finance, and Brokers across North America, the United Kingdom, and Australia. Learn more about Leasepath by visiting