2017 Fair Lending – Review & Update Webinar Recording

$250.00

Fair Lending never seems to fall out of fashion. While the rest of the industry is focusing on TRID, Flood Insurance and HMDA, the regulatory agencies, the Department of Justice and plaintiff attorneys are focused intently on the issue of fair lending.  Large penalties and burdensome enforcement actions are the order of the day.  In a recent speech, CFPB Director Richard Cordray confirmed that consent orders that accompany the Bureau’s public enforcement actions, provide detailed guidance for compliance officers across the marketplace about how they should regard similar practices at their own institutions. He added that “it would be ‘compliance malpractice’ for executives not to take careful bearings from the contents of these orders about how to comply with the law and treat consumers fairly.”

This information packed recording explains recent fair lending problems,  the corrective action required by the agencies, the penalties imposed on the bank, and steps your institution can take to avoid similar problems. Pending developments that will have a significant impact on Fair Lending are explored. The recording also provides a quick refresher on the basic concepts of fair lending and fair lending risk management.  You’ll receive a detailed training manual and PowerPoint slides.

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Description

* Please note that the recording will not be immediately delivered to you. Upon purchasing please allow 24-48 hours for delivery. The recording will come in the form of a web link via e-mail from [email protected] The training manual that corresponds with the recording will be automatically delivered upon purchasing via email from the website.

WHAT

Fair Lending never seems to fall out of fashion. While the rest of the industry is focusing on TRID, Flood Insurance and HMDA, the regulatory agencies, the Department of Justice and plaintiff attorneys are focused intently on the issue of fair lending.  Large penalties and burdensome enforcement actions are the order of the day.  In a recent speech, CFPB Director Richard Cordray confirmed that consent orders that accompany the Bureau’s public enforcement actions, provide detailed guidance for compliance officers across the marketplace about how they should regard similar practices at their own institutions. He added that “it would be ‘compliance malpractice’ for executives not to take careful bearings from the contents of these orders about how to comply with the law and treat consumers fairly.”

Charges of discrimination can come from any direction and can be obvious, subtle or unintended.  Risk comes in the form of penalties, regulatory enforcement actions, civil liability, or damage to a bank’s reputation, to mention a few. The best defense to these threats and risks is developing and maintaining a sound fair lending compliance management system.

WHY

This information packed recording explains recent fair lending problems,  the corrective action required by the agencies, the penalties imposed on the bank, and steps your institution can take to avoid similar problems. Pending developments that will have a significant impact on Fair Lending are explored. The recording also provides a quick refresher on the basic concepts of fair lending and fair lending risk management.  You’ll receive a detailed training manual and PowerPoint slides.

TOPICS

Upon completion of this program, participants understand:

  • Basic fair lending concepts;
    • Laws and regulations;
    • Bases of discrimination;
    • Types of discrimination;
  • Recent Developments
    • Regulation by enforcement – review of consent orders;
      • BancorpSouth Bank case
      • Maternity cases
    • HUD Guidance on Limited English Proficiency
    • Fair Lending actions entered into by municipalities;
  • Pending Developments
    • Expansion of Regulation B to include data collection on loans to minority-owned businesses, women-owned businesses, and small businesses; and
    • How the new HMDA rule will impact fair lending.

WHO

The recording is designed for compliance officers, auditors, lending department management, loan operations personnel, loan officers, loan originators and others involved in originating or servicing loans of all types.

 

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