Fair Lending for Commercial Loans-What's New? Webinar

The Equal Opportunity Act has always applied to both consumer and commercial lending, making commercial loans a target for Fair Lending scrutiny. The focus has traditionally been on consumer mortgage loans that require the collection of demographic data. Regulators haven’t typically issued significant enforcement actions in the commercial lending area for Regulation B violations. However, the pending implementation of the Section 1071 rules for data collection of minority-owned and women-owned small business applications will bring a new era of fair lending analysis. Will your bank be ready for these changes? What new reputation risks are on the horizon?

There have always been specific fair lending risk factors for commercial loans, but not a great deal of attention from regulators who are more focused on the safety and soundness aspect of commercial loan portfolios. What will your examiners begin to review with the advent of the 1071 rules? When an examiner compares a file for a denied women or minority-owned small business applicant to an “established GOOD commercial customer” will your bank be able to justify the decision? Will the collection activities also receive more scrutiny?

These five areas will be a reason to “fine-tune” fair lending training in the commercial loan area: Vague or subjective underwriting, Risk-based pricing that’s not based on objective criteria, Lack of File Documentation and exception tracking, Marketing and advertising practices, Patterns of lending and exclusions identified in the most recent CRA exam. SPECIAL NOTE – the proposed CRA rules specifically reference the use of 1071 data analysis.

FAILURE TO ACHIEVE A SATISFACTORY CRA RATING WILL STOP YOUR BANK’S PLANS FOR EXPANSION.

What You’ll Learn

This program will include an overview of potential fair lending red flags, but also often solutions for a successful program for commercial lenders that include:

  1. Understanding fair lending risk in the commercial product line
  2. Controls for written underwriting ,pricing standards and collection activities
  3. Exception guidelines including exception authority, tolerances and trends
  4. Overview of the 1071 rules and impacts
  5. Tools for fair lending training

Who Should Attend

This program is designed for Chief Credit Officers, commercial lenders, commercial loan assistants, Compliance Officers, auditors, Fair Lending officers, Collections staff, Loan Administration staff, CRA officers

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.

View Delivery Options

Instructor

Susan Costonis
Susan Costonis

Susan Costonis is a compliance consultant and trainer. She specializes in compliance management along with deposit and lending regulatory training. Susan has successfully managed compliance programs ... read more.

Course TitleCreditsStart DateStart TimeDelivery TypeDelivery OptionInstructor / LocationPrice
Fair Lending for Commercial Loans-What's New? Webinar.25 Any AnyWebinarOn-Demand Susan Costonis$279.00 Register Now
Delivery Options

Webinars for Banks and Credit Unions

Live Webinar:

INCLUDES 30 DAYS OF ONDEMAND PLAYBACK! With this option, you will participate in the webinar (via the internet) as it is being presented. 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 phone for the audio. You can type and send your questions to the instructor.  And don‰’t worry if you miss the webinar, you can still view it for up to thirty days after it takes place!

Live Plus Twelve Months OnDemand Playback:

With this option, you will receive the live version, then you will receive an e-mail that contains a link to the PowerPoint slides (to download, print, and copy) as well as a link 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 an effective training tool. The link will be available to you (and anyone else in the company) for up to twelve months and can be accessed 24/7 as many times as you wish. Delivered via e-mail the day after the webinar takes place.

Live, Twelve Months OnDemand Playback PLUS CD-ROM VIDEO:

By adding the CD-Rom to your order, you will have non- internet access 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 the PowerPoint slides and a CD-ROM Recording (featuring PowerPoint presentation with audio) of the webinar via regular mail. Mailed 7 to 10 days after the webinar takes place.

Recorded Webinar Options available as Twelve Months OnDemand and Twelve Months OnDemand and CD-Rom

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