Fair Lending 101 – Fair Lending Compliance Program (Part 1)

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Fair Lending 101 – Fair Lending Compliance Program (Part 1) has been submitted to ABA Professional Certifications for CE credit review and is pending approval. Once we receive notification of the credit approval, we will notify attendees.

This is a part 1 of a four part webinar series taking part on the following dates:

Part 1 – November 16th – 1:00 – 2:00 PM ET (Fair Lending Compliance Program)

Part 2 – November 22nd – 12:00 – 1:00 PM ET (Foundation of a Fair Lending Program)

Part 3 – November 30th – 12:00 – 1:00 PM ET (First, Second and Third Lines)

Part 4 – December 7th – 12:00 – 1:00 PM ET (Corrective Action and Oversight)

You can purchase a discounted bundle of all four parts HERE

Part 1 – November 16th – 1:00 – 2:00 PM ET (Fair Lending Compliance Program)

What is it and why do I need one?

There are multiple laws on the state and federal level that prohibit creditors from discriminating against applicants with respect to credit transactions. Examiners expect financial institutions to implement fair lending compliance management systems.  This system should include board and management oversight and a compliance program consisting of policies and procedures, training, monitoring and/or audit and consumer complaint response.  It’s also expected that financial institutions have identified an approach to managing the fair lending risks posed by their service providers. Finally, the fair lending coverage a financial institution engages in needs to be comprehensive and commensurate with their risk and size profile.

In this session, you will walk away with a more complete knowledge of what a Fair Lending Compliance Program is and why it is important to have implemented and your institution.