Fair lending is a hot topic right now, as always. Despite changes in the regulatory and enforcement environment, there are issues every lender should be aware of. As well, there are new ways of looking at lending patterns, activities, and risks.
How is your fair lending program? Have you accounted for these new risks examiners are looking for? This program will help you to understand the extent and particulars of Regulation B, the Fair Housing Act (FHA), and guidance the regulatory agencies (including the CFPB) have introduced recently. We’ll also discuss trends in fair lending and the direction Congress, agencies, and the courts are likely to go in the new future.
- Prohibited bases under the rules (what you can do, as well)
- Evaluating applications and underwriting – what you can and cannot consider
- Government monitoring information – when to get it and how to handle it
- Fair lending litigation trends and lessons, including the future of disparate impact
- Redlining (including reverse redlining) – what is it, how do we analyze it, and what is new (hint: plenty)
- “Intrabank” vs. “Interbank” redlining analyses, including the opportunity assessment
- Digital redlining concerns
- REMA/Marketing Area/Service Area – what is this? What should we do to be ready for our next exam?
- Dealing with small business loans
- Treatment of income and other underwriting issues
- Fair lending issues in the servicing environment
- Proxies and the BISG method – should we do this?
- Advertising and disclosing in a foreign language – what are the rules?
- The future of DFA 1071 – will this ever happen?
- CRA as a fair lending tool
- Developing an effective and comprehensive fair lending CMS
- “Convergence” with UDAP/UDAAP – what should we do?
- Consequences for violating the rules - not just fines
- And more
Who Should Attend?
Anyone in the institution having virtually any responsibility in the lending process has fair lending responsibilities, from senior management, loan officers, underwriters, and closing agents, to compliance officers, auditors, and attorneys, and would benefit from this valuable information.
"Carl is an excellent teacher. He mixes just enough theory with practice. I had some areas explained that I've struggled to explain to the business." -- JoAnn Keith, VP, Compliance, Wells Fargo
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