Fair Lending – Key Components & Current Agency Guidelines

The message from the regulatory agencies is clear: Fair lending is an area of emphasis. Join us as we dive into the current fair lending materials issued from the regulatory agencies to ensure you have the most up-to-date resources and training materials at your fingertips.

Recorded Wednesday,
February 28th, 2024
Presented by Molly Stull
1h 30m total length
2 CRCM Credits
$299.00 or 1 Token

Includes: 30 Days OnDemand Playback, Presenter Materials and Handouts

  • Customer Service
  • Deposit Accounts
  • Deposit Compliance
  • General Compliance
  • Teller
  • Branch Manager
  • Customer Service Representative
  • Deposit Operations Manager/Specialist
  • New Accounts Representative
  • Private Banker
  • Training Manager
  • Trainer

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Fair lending issues continue to be emphasized by regulatory agencies. In this webinar, we will explain the types of lending discrimination and provide examples to ensure your team is able to identify and prevent potential issues. Another critical component of identifying fair lending issues includes a discussion of redlining. We will also walk through the current fair lending materials issued from the regulatory agencies, including the Fair Lending Report of the Bureau of Consumer Financial Protection.

Through a study of these documents, we will discuss redlining, appraisal discrimination, the use of artificial intelligence, reconsideration of value and disability discrimination all of which are topics that should be addressed within your institution’s policies, procedures, training or monitoring activities. These topics and more have been the subject of recent agency issued blogs, press releases, webinars, speeches and enforcement actions. Join us as we share tips and best practices to ensure your organization has updated its fair lending compliance management system to include these areas with this renewed focus on fair lending.

What You'll Learn

  • Describe redlining actions that resulted in enforcement actions
  • Types of discrimination: overt, disparate treatment, disparate impact
  • Understand how inadvertent discrimination can occur
  • Description of recent fair lending enforcement actions
  • Appraisal discrimination examples
  • How to use recent regulatory agency guidance to enhance the institution’s fair lending compliance management system
  • Important components of managing consumer complaints
  • Artificial intelligence hot topics
  • Areas to monitor for disability discrimination

Who Should Attend

This informative session is directed to Compliance Officers as well as Loan Officers (commercial and consumer), all loan support personnel and Auditors. Because the Board and Management are ultimately responsible for your fair lending standards, they would also benefit from this timely session.

Molly Stull

Instructor Bio

Molly began her banking career on the teller line while working on her undergraduate degree and has continued working in the financial industry ever since. Some of her experience includes roles in operations, business resumption planning, consumer compliance, and conducting audits. Her favorite role is ensuring that her audience, whether on the sports field or in the financial industry, understands the "why" behind the rule. Her wealth of financial knowledge and her numerous years of experience enable her to relate the material to the audience.

Continuing Education Credit Information

Fair Lending – Key Components & Current Agency Guidelines has been approved for 2 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.