Fair Lending Review & Update
Fair lending continues to be a priority for the regulatory agencies, the DOJ and plaintiff attorneys.
This webinar explains recent problems, steps you can take to avoid them, basic concepts and your fair lending risk management system.
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, Department of Justice (DOJ) and plaintiff attorneys are focused intently on the issue of fair lending. Large penalties and burdensome enforcement actions are the order of the day.
Discrimination can be obvious, subtle or unintended. Charges of discrimination can come from any direction. 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.
This information packed two-hour webinar 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. It also provides a quick refresher on the basic concepts of fair lending and fair lending risk management.
Upon completion of this program, participants understand:
- Basic fair lending concepts;
- The impact of the Supreme Court’s ruling on disparate impact analysis;
- How to build and maintain a fair lending compliance management system, including policies and procedures;
- The steps in conducting a fair lending risk assessment;
- The techniques used in a fair lending analysis;
- Recent fair lending enforcement actions;
- Recent developments related to pricing and indirect auto lending;
- Regulatory expectations including the use of proxy data and the Bayesian Improved Surname Geocoding model;
- The impact of recent redlining cases and
- How the new HMDA rule will impact fair lending.
Compliance officers, auditors, lending department management, loan operations personnel, loan officers, loan originators and others involved in originating or servicing loans of all types.
Jack Holzknecht, CRCM, is the CEO of Compliance Resource, LLC. He has been delivering the word on lending compliance for 39 years. Jack’s career began as a federal bank examiner. He also headed the form and software division of a regional consulting company. He has developed and presented training programs to bankers in 43 states. He also developed and delivered training for the FDIC.
Kelly M. Owsley, CRCM, is Director of Training Services for Compliance Resource, LLC. Since 2000, she has worked for financial institutions ranging in asset size from $250 million to $3 billion. Kelly has worked in branch management, lending, product development and training. Recently, she served as VP of Compliance for a community bank where she was responsible for implementing and training all compliance related topics.
Institute of Certified Bankers: Visit http://www.icbmembers.org/login.aspx for instructions regarding self-reporting. Estimated credits: 2 hours/session
Member price: $275.00 | Non member price $550.00
Member price: $295.00 | Non member price $560.00
Online: Visit the CBA Webinar Catalog
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1516 Xavier St., Ste 500, Denver, CO 80204
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