Fair Lending Audits & Risk Assessments
Everyone deserves equal access to credit without discrimination. Do you know how to perform a periodic risk assessment to identify potential fair lending risks? Discover how to develop an audit plan to analyze lending data to determine compliance with fair lending anti-discrimination provisions. Awareness, monitoring, and audits can lessen the possibility of adverse issues arising at your institution.
AFTER THIS WEBINAR YOU’LL BE ABLE TO:
- Prepare a fair lending risk assessment
- Describe redlining actions that resulted in enforcement action
- Conduct a fair lending audit
- Explain possible areas of discrimination when using artificial intelligence
- Identify areas to monitor for disability discrimination
- Self-identify potential discrimination concerns related to lending policies and procedures
WEBINAR DETAILS
This program will dive into recently identified fair lending concerns and explain the types of lending discrimination to ensure your team is able to identify and prevent potential issues. It will include a section on redlining, appraisal discrimination, use of artificial intelligence, reconsideration of value, and disability discrimination – all of which are critical areas to include in the scope of a fair lending audit. Participants will receive checklists and tools to assist in conducting a fair lending audit. If you are making and servicing loans, performing a fair lending risk assessment and conducting an audit are best practices to ensure borrowers are treated fairly and your institution is complying.
WHO SHOULD ATTEND?
This informative session is designed for those responsible for reviewing and assessing fair lending risks, including auditors, risk officers, compliance officers, and loan managers responsible for lending program oversight.
