Lessons Learned in Recent Lending Compliance Enforcement Actions

Every month, the federal financial institution regulatory agencies publish lists of enforcement actions taken against financial institutions. Enforcement actions can include civil monetary penalties, consent decrees, and cease and desist orders, just to name a few. This course will discuss those penalties, and how to keep you off of the list.

Recorded Thursday,
March 7th, 2024
Presented by Kimberly Boatwright
1h 30m total length
2 CRCM Credits
$299.00 or 1 Token

Includes: 30 Days OnDemand Playback, Presenter Materials and Handouts

  • Auditing
  • Compliance
  • General Compliance
  • Lending
  • Lending Compliance
  • Mortgage Lending
  • Risk Management/Legal
  • Transaction Compliance
  • Bank Legal Counsel
  • Compliance Officer
  • Consumer Lender/Retail Banker
  • Credit Analyst
  • Internal Auditor
  • Loan Closer
  • Loan Operations Manager/Specialist
  • Mortgage Lender
  • Risk Manager
  • Senior Management
  • Small Business Lender

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Every enforcement action tells a story of a failure to comply and the actions required to remedy the situation. This action is a lesson to be learned by other financial institutions. The actions required to cure the problems in one institution are the actions required in another institution to avoid the same problem. Rarely are the identified problems unique. The stories are repeated month in and month out. Don't be the next institution to fall into the same trap. Become aware of the problem and determine if the same problem exists in your institution. If the problem is present, self-detection and prompt corrective action generally result in less severe penalties. If the problem does not exist, take a few simple steps (policies, procedures, and training) to ensure the problem doesn't occur in your institution.

This webinar is designed to make attendees aware of recent enforcement actions, the actions required in response to the action, and the penalties or costs imposed. It is the hope and intent that armed with this knowledge, attendees can avoid similar problems.

What You'll Learn

  • Flood penalties
  • Truth in Lending reimbursement
  • RESPA Section 8
  • Equal Credit Opportunity Act
  • Fair Housing Act
  • Redlining cases
  • UDDAP/UDAP issues related to interest-rate-lock process, forced-placed insurance, deceptive advertising, and more
  • The list will continue to grow between now and the program date.

Who Should Attend

The program is designed for Loan Department management, Compliance Officers, Loan Officers, Loan Processors, Auditors, and others with responsibilities related to the origination and servicing of loans.

Kimberly Boatwright

Instructor Bio

Kimberly Boatwright is EVP and Director of Risk and Compliance at Compliance Resource, LLC, and has more than two decades of experience working in the financial services industry. Ms. Boatwright is a well-regarded financial industry risk and compliance professional with a strong background in program development and implementation. She is a thought leader who specializes in Fair Lending, Anti-Money Laundering, OFAC, and consumer compliance. During her career, she has worked for and consulted with all types of financial institutions helping to establish and evolve compliance and risk programs. She is a frequent public speaker, trainer, and author on compliance and risk management topics. Kimberly is a Certified Regulatory Compliance Manager and a Certified Anti-Money Laundering Specialist.

Continuing Education Credit Information

Lessons Learned in Recent Lending Compliance Enforcement Actions 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.