Are you keeping up with all the changes that will impact your institution? We seem to have 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.
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.
What You’ll Learn
- Who exactly is covered: “applicants” and “creditors” – changes from the courts?
- Special Purpose Credit Programs – leveling the playing field and new emphasis from the CFPB
- Clarifications in prohibited bases
- “Vulnerable populations” – covered? How do we deal with these?
- Legal theories of discrimination – how is fair lending enforced? Including recent clarifications
- Marketing and advertising considerations
- Regulator priorities – supervisory reports
- Redlining (including reverse redlining) – what is it, how do we analyze it, and what is new (hint: plenty)
- “Digital redlining” and “algorithmic discrimination” – what is this and how does it impact your institution? How to look at redlining in the digital age
- Artificial intelligence (AI), algorithms, and “big data” – new areas of opportunity as well as risk
- Fair lending issues in the servicing environment, especially debt collection, default management, and foreclosures
- New foreign language expectations and LEP – where is this all going?
- Getting ready for the fair lending aspect of DFA 1071
- Appraisal bias – a developing issue: what to do now
- Automated valuation model (AVM) issues with discrimination
- Adverse action notices and AI
Who Should Attend
This session is valuable for anyone in the institution having virtually any responsibility in the lending process, including senior management, loan officers, underwriters, and closing agents, to compliance officers, auditors, and attorneys.