Fair Lending Essentials

Webinar: ID# 1041433
Recorded On-Demand
About This Course:
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 against these threats and risks is developing and maintaining a sound, fair lending compliance management system.

Over the years, Fair Lending violations have led to consent decrees that include: significant civil monetary penalties, reimbursement to borrowers, and burdensome remedial action to prevent further violationsWhat You'll Learn:
  • Basic fair lending concepts
  • Laws and regulations
  • Bases of discrimination
  • Types of discrimination
  • How to build and maintain a fair lending compliance management system, including policies and procedures
  • How to conduct a fair lending risk assessment
  • Evaluating inherent and residual risk
  • For various loan products (commercial, real estate, consumer, etc.)
  • For various aspects of the process (application, underwriting, pricing, advertising, collection)
  • Rating risk
  • How to mitigate fair lending risk
  • Reviewing policies and procedures for fair lending problems and eliminating those concerns
  • Training - Who, How, When, and What
  • Monitoring/Auditing
  • Exceptions
  • HMDA data
  • Pricing
  • Marketing/Advertising

Fair Lending Essentials
or via On-Demand
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