ECOA & Fair Lending: Examiner Hot Buttons
Fair lending requirements are designed to make loans available to all creditworthy applicants by preventing unfair and discriminatory practices. And it is important to remember that fair lending requirements cover every element of your operations. You don’t want to be caught ill-prepared for today’s compliance realities. Join this insightful webinar by David Reed to learn how to avoid red flags, mitigate risk, and comply with fair lending guidance.
AFTER THIS WEBINAR YOU’LL BE ABLE TO:
- Explain the increasing importance of fair lending
- Integrate fair lending principles across your institution
- Appreciate fair lending examination logic
- Identify regulatory examination red flags
- Prepare key stakeholders for fair lending related examinations
- Analyze fair lending enforcement actions
WEBINAR DETAILS
The CFPB and most other regulators continue to issue fair lending guidance as a prelude to increased examination scrutiny. Unfortunately, consumer protection attorneys are also taking notice of this potentially profitable area. Regulatory fair lending examinations can be rigorous, but with the right preparation, lenders can avoid the common red flags that signal noncompliance. Regular self-assessments, proactive training, and robust documentation are critical in demonstrating a commitment to fair lending principles. By addressing these potential red flags early, lenders can mitigate risk, avoid penalties, and uphold their reputation as fair, equitable lenders.
WHO SHOULD ATTEND?
This informative session is designed for senior executives, directors, managers, lending staff, marketing staff, compliance personnel, audit staff, and anyone involved with the compliance and lending processes.
