Fair Lending - 2 Part Series

In this 2-part webinar, we’ll go in-depth with a discussion of fair lending principles, expectations, and techniques. We’ll explore what’s new in the area of fair lending, to new interpretations of protected classes, to future potential legislation. We’ll also cover aspects of formulating and maintaining an effective fair lending risk assessment, a critical component of an institution’s fair lending compliance program. We’ll also explore the many risks and hot spots to monitor for fair lending, and discuss how to best comply with the new requirements and expectations. We’ll ensure you’re ready for your next fair lending compliance examination so you can put your best foot forward.

October 16, 2023
October 24, 2023
Presented by Carl Pry
2h total length
5 CRCM Credits
$509.00 or 2 Tokens

Includes: 30 Days OnDemand Playback, Presenter Materials and Handouts

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

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Fair lending continues to be THE hot topic in 2023, with 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. And as an added bonus, the CFPB’s UDAAP Exam Manual includes discrimination in any aspect of banking as possible UDAAP.

Are you keeping up with all the changes that will impact your institution? 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.

Included Webinars

  • Fair Lending - Part 1
  • Fair Lending - Part 2

Series Details

Fair Lending - Part 1

  • Fair lending legal and regulatory structure – a brief history and where these requirements come from
  • Who exactly is covered: “applicants” and “creditors”
  • Special Purpose Credit Programs – leveling the playing field
  • Violation consequences
  • Related laws and regulations: HMDA, CRA, ADA, and more
  • Prohibited bases under the rules (what you can do, as well), including changes in definitions – including examples and scenarios
  • “Vulnerable populations” – covered?
  • Legal theories of discrimination – how is fair lending enforced? Including examples
  • Fair lending throughout the lending process – from A-to-Z
  • The fair lending risk assessment – quantitative and qualitative factors
  • Marketing considerations – putting your best foot forward
  • Regulator priorities – supervisory reports
  • Discrimination is UDAAP – CFPB and FDIC exam manuals: what does this mean?
  • 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 – what are the standards?
  • Digital redlining – what is this and how does it impact your institution? How to look at redlining in the digital age
  • REMA/Marketing Area/Service Area – what is this? What should we do to be ready for our next exam?
  • Marketing and advertising issues – what can and can’t we do?
  • Artificial intelligence (AI), algorithms, and “big data” – new areas of opportunity as well as risk

Fair Lending - Part 2

  • Fair lending issues in the servicing environment, especially debt collection, default management, and foreclosures
  • Government monitoring information – when to get it under Reg. B and HMDA, and how to handle it, including the URLA/1003 application form, and new Fannie/Freddie requirements for servicers
  • Foreign language issues and “Limited English Proficiency,” or LEP, customers – how to handle this thorny issue?
  • Dealing with commercial loans
  • DFA 1071 – understanding the requirements and implications
  • Proxies and the BISG method – should we do this?
  • Fair lending dos and don’ts
  • Appraisal bias – a developing issue: what to do now
  • Automated valuation model (AVM) issues with discrimination
  • Adverse action notices
  • Discretion – the “D” word
  • Steering issues
  • Exceptions – understanding them
  • Fair lending training
  • Evaluating applications and underwriting – what you can and cannot consider
  • CRA as a fair lending tool
  • Developing an effective and comprehensive fair lending CMS

What You'll Learn

Each webinar in the series will cover specific topics relative to the subject matter.

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 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

Fair Lending - 2 Part Series has been approved for 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.