Adverse Action Compliance Workshop
Space is limited to 30 participants for a high-value learning experience, so register today!
First, we will outline the basic requirements under the Equal Credit Opportunity Act (ECOA) and Fair Credit Reporting Act (FCRA) for adverse actions. Next, we will share common errors, audit exceptions and exam findings to highlight common pain-points. We will be in search of the “root cause”. Finally, we will break into groups to explore the operationalizing of compliance and best practices at your institution. Notices, tracking, record retention, automated systems, fair lending versus technical completion discussions, and how to find and address commercial loan applications will be covered. Together, we will find ways to make the regulations real-life for our day-to-day processes.
