Fair Lending Essentials

Discrimination can be obvious, subtle, or unintended. Charges of discrimination can come from any direction. Risk comes in the form of penalties, regulatory enforcement actions, civil liability, or damage to a bank’s reputation, to mention a few. The best defense against these threats and risks is developing and maintaining a sound, fair lending compliance management system.

Over the years, Fair Lending violations have led to consent decrees that include: significant civil monetary penalties, reimbursement to borrowers, and burdensome remedial action to prevent further violations

What You’ll Learn

• Basic fair lending concepts
  • Laws and regulations
  • Bases of discrimination
  • Types of discrimination
• How to build and maintain a fair lending compliance management system, including policies and procedures
• How to conduct a fair lending risk assessment
  • Evaluating inherent and residual risk
    • For various loan products (commercial, real estate, consumer, etc.)
    • For various aspects of the process (application, underwriting, pricing, advertising, collection)
  • Rating risk
• How to mitigate fair lending risk
  • Reviewing policies and procedures for fair lending problems and eliminating those concerns
  • Training – Who, How, When, and What
  • Monitoring/Auditing
    • Exceptions
    • HMDA data
    • Pricing
    • Marketing/Advertising

Who Should Attend

Presenter
Kimberly Boatwright is EVP and Director of Risk and Compliance at Compliance Resource, LLC, and has more than two decades of experience working in the financial services industry. Ms. Boatwright is a well-regarded financial industry risk and compliance professional with a strong background in program development and implementation. She is a thought leader who specializes in Fair Lending, Anti-Money Laundering, OFAC, and consumer compliance. During her career, she has worked for and consulted with all types of financial institutions helping to establish and evolve compliance and risk programs. She is a frequent public speaker, trainer, and author on compliance and risk management topics. Kimberly is a Certified Regulatory Compliance Manager and a Certified Anti-Money Laundering Specialist.

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