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2024 Fair Lending Update

Fair lending continues to be THE hot topic in 2024, and the dynamic environment we find ourselves in as an industry continues. This session will go in-depth with a discussion of the new expectations and priorities so you can ensure your program is up-to-date and ready for your next exam.

Upcoming
Friday, November 8th, 2024
10:00 am - 12:00 pm
Presented by Carl Pry
2.5 CRCM & 2.5 CERP Credits
$299.00 or 1 Token

Includes: Live Access, 30 Days OnDemand Playback, Presenter Materials and Handouts

  • Auditing
  • Compliance
  • Lending
  • Lending Compliance
  • Risk Management/Legal
  • Bank Legal Counsel
  • Commercial Lender
  • Internal Auditor
  • Loan Closer
  • Loan Operations Manager/Specialist
  • Senior Management
  • Training Manager
  • Trainer
  • Workout Specialist/Collector

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Are you keeping up with all the changes that will impact your institution? We seem to have a constant flow of new developments and expectations.

Agency leadership (from multiple regulators) has been outspoken in their priorities and goals, with terms such as “equity” and “underserved consumers and markets” being mentioned often. This means new requirements and increased enforcement to monitor.

It is more critical now than ever to ensure your fair lending program covers all the bases. There are new ways of looking at lending patterns, activities, and risks, and new expectations from the agencies.

What You'll Learn

  • Who exactly is covered: “applicants” and “creditors” – changes from the courts?
  • Special Purpose Credit Programs – leveling the playing field and new emphasis from the CFPB
  • Clarifications in prohibited bases
  • “Vulnerable populations” – covered? How do we deal with these?
  • Legal theories of discrimination – how is fair lending enforced? Including recent clarifications
  • Marketing and advertising considerations
  • Regulator priorities – supervisory reports
  • Redlining (including reverse redlining) – what is it, how do we analyze it, and what is new (hint: plenty)
  • “Digital redlining” and “algorithmic discrimination” – what is this and how does it impact your institution? How to look at redlining in the digital age
  • Artificial intelligence (AI), algorithms, and “big data” – new areas of opportunity as well as risk
  • Fair lending issues in the servicing environment, especially debt collection, default management, and foreclosures
  • New foreign language expectations and LEP – where is this all going?
  • Getting ready for the fair lending aspect of DFA 1071
  • Appraisal bias – a developing issue: what to do now
  • Automated valuation model (AVM) issues with discrimination
  • Adverse action notices and AI

Who Should Attend

This session is valuable for anyone in the institution having virtually any responsibility in the lending process, including senior management, loan officers, underwriters, and closing agents, to compliance officers, auditors, and attorneys.

Carl Pry

Instructor Bio

Carl Pry is a Certified Regulatory Compliance Manager (CRCM) and Certified Risk Professional (CRP) who is a Senior Advisor for Asurity Advisors in Washington, DC. Through his more than 30-year working career, as well as through his experience as a banking attorney and officer, he has provided a variety of regulatory compliance and financial performance services to financial institutions and other clients throughout the country. He has written extensively regarding consumer and commercial compliance, tax, audit, and financial institution legal issues, and is a frequent contributor to and currently serves as the Chair of the Editorial Advisory Board for the ABA Bank Compliance magazine. He has spoken at scores of banking, compliance, and state bar associations, and has conducted training sessions for financial institutions across the country.

Continuing Education Credit Information

2024 Fair Lending Update has been approved for 2.5 CRCM credits. This statement is not an endorsement of this program or its sponsor. Credits are redeemable for both Live and OnDemand viewing. For questions on certificates, please email support@oncourselearning.com. Certification holders must report these credits at https://aba.csod.com.

2024 Fair Lending Update has been approved for 2.5 CERP credits. This statement is not an endorsement of this program or its sponsor. Credits are redeemable for both Live and OnDemand viewing. For questions on certificates, please email support@oncourselearning.com. Certification holders must report these credits at https://aba.csod.com.

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