Fair Lending Risk Assessment Webinar
A Fair Lending Risk Assessment is an offshoot of your compliance management program risk assessment and typically will include a review, either by an internal party at your bank or by a third party, of your written policies and procedures, monitoring, data analytics and training efforts.
Webinar Description and Intended Audience
The Interagency Fair Lending Examination Procedures have been readily available for many years now but banks continue to be the subject of enforcement actions by their primary regulator and the Department of Justice (DOJ). A comprehensive fair lending risk assessment based on the Interagency Fair Lending Guidelines is the best method for minimizing the risk of such potential actions. The recently updated Consumer Compliance Rating System makes it very clear that all regulatory agencies expect a robust compliance management system which includes regular self-assessments such as those for fair lending. A Fair Lending Risk Assessment is an offshoot of your compliance management program risk assessment and typically will include a review, either by an internal party at your bank or by a third party, of your written policies and procedures, monitoring, data analytics and training efforts. To keep you out of the fair lending abyss, we will use recent enforcement actions to help augment your bank’s current fair lending risk assessment program.
One of the primary goals of a fair lending risk assessment is to mitigate the risk of a regulator referral to the DOJ, a downgrade in your examination report, enforcement actions and large penalties. Your regulator is required to refer discrimination cases to the DOJ when it has reason to believe that a creditor has engaged in a pattern or practice of lending discrimination. Don’t be the bank that is the subject of the next referral. Let us show you how to implement or maintain a fair lending risk assessment program.
Upon completion of this program, participants understand how to:
•Develop an Overview of Your Fair Lending Program including Policies, Procedures, Personnel, Underwriting, etc;
•Utilize the Interagency Guidelines in a Question Format That Will Serve as the Framework for the Risk Assessment;
•Identify all Program and Product Risk Factors and Control Elements;
•Conduct Comparative Analysis for Both Redlining and Underwriting;
•Analyze Potential Discriminatory Marketing Practices;
•Factor in the New HMDA Rule to Future Risk Assessments; and
•Factor in the Regulation B Expansion for Data Collection on Loans to Minority Owned, Women Owned and Small Businesses.
Who Should Attend?
The program is designed for compliance officers; auditors; lending department management; loan operations, originations and servicing personnel; loan officers, and others involved in originating or servicing loans of all types.
Webinar Viewing Options
INCLUDES 7 DAYS OF UNLIMITED ONDEMAND PLAYBACK! With this option, you will participate in the webinar live, via the internet. You will login to the webinar on your PC to view the PowerPoint presentation, and you have the option of using your PC speakers or a telephone for the audio. You can type and send your questions to the instructor. Many companies are now running their PC through an LCD projector allowing many employees to participate at the same time. And don’t worry if you miss the webinar, you can still view it for up to seven days after it takes place!
SIX MONTH ONDEMAND VIDEO:
With this option, you will receive an e-mail that contains a link to the PowerPoint slides (to download, print, and copy) as well as a link to the media player where you will view and hear the entire webinar just as it was delivered, featuring the full-color PowerPoint presentation with audio. You can pause, fast-forward and rewind as needed, which makes it a very effective training tool. The OnDemand Video will be available to you (and anyone else in the company) for six months and can be accessed 24/7 as many times as you wish. Delivered via e-mail the day after the webinar takes place.
If you do not have internet access or want to make the webinar part of your training library, the CD-ROM Recording is a great option for viewing a webinar. You can pause, fast-forward and rewind as needed, which makes it an effective training tool. With this option, you will receive a download of any applicable handouts and a CD-ROM (featuring the full-color PowerPoint presentation with audio) via regular mail. Mailed 7 to 10 days after the webinar takes place.
Webinars can be scheduled and offered exclusively for your company. They can even be customized to best fit your needs. To find out more, please complete the in-house request form found in the Schedule and Registration Information section below.
Continuing Education (CE) Credits
This webinar is recommended for 2.5 CE Credit Hours. Each attendee will receive a Certificate of Attendance for self-reporting of CE Credits.