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Adverse Action Compliance Workshop

How many ways do we say no? And how do we do that while complying with at least 3 separate regulatory rules? (soon to be 4?) Join us for this special 2 and a half hour class and workshop for community bankers to explore the requirements and the processes for Adverse Action compliance.

Upcoming
Thursday, February 6th, 2025
10:00 am - 12:30 pm
Presented by Lauren Sparks
3 CRCM Credits
$450.00 or 2 Tokens

Includes: Live Access, 30 Days OnDemand Playback, Presenter Materials and Handouts

  • Auditing
  • Commercial/Business Lending
  • Compliance
  • General Compliance
  • Lending
  • Lending Compliance
  • Mortgage Lending
  • Commercial Lender
  • Compliance Officer
  • Consumer Lender/Retail Banker
  • Loan Closer
  • Loan Operations Manager/Specialist
  • Mortgage Lender
  • Senior Management
  • Small Business Lender
  • Training Manager
  • Trainer

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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.

What You'll Learn

  • How and when to notify applicants when denying a loan application
  • Handling withdrawn applications
  • Processing counteroffers
  • Common errors and audit findings in the adverse action process
  • Second reviews of adverse action notices for dual purposes
  • The interplay of ECOA and FCRA for adverse actions
  • Current requirements for business applications and an outline of pending small business application handling (can you say 1071?)
  • Ideas/tips/tools from other bankers to try in your bank

Who Should Attend

This workshop will be helpful to anyone with hands-on responsibilities for processing loan adverse actions. This can include loan officers, loan processors responsible for denials and/or second review, compliance officers, and auditors.

Lauren Sparks

Instructor Bio

With a career spanning almost 40-years as a community banker and banking regulatory and risk management consultant, Lauren Sparks is an accomplished advocate for women’s financial services leadership, and community banks. In her career in banking, Ms. Sparks held positions that ranged from teller to Investment Officer, Loan Officer, Cashier, President and CEO. Ms. Sparks has been at bank consulting firms at a local level and a national level where as a Director she specialized in troubled banks and fintech. In 2009, Ms. Sparks formed 3PR, Inc., a woman-owned consulting firm specializing in community banks and financial service firms. 3PR serves more than 40 community banks at any given time and has had experience as a preferred vendor for one of the world’s largest software providers.
She edited the Reference Guide for Regulatory Compliance Manual for the American Bankers’ Association for 10 years. Ms. Sparks is a founder of the Houston chapter of the Association of Certified Anti-Money Laundering Association (ACAMS) and is a Certified Anti-Money Laundering Specialist (CAMS), Certified Regulatory Compliance Manager (CRCM), and an Accredited ACH Processional (AAP).

Continuing Education Credit Information

Adverse Action Compliance Workshop has been approved for 3 CRCM credits. This statement is not an endorsement of this program or its sponsor. Credits are redeemable for both Live and OnDemand viewing. For questions on certificates, please email support@oncourselearning.com. Certification holders must report these credits at https://aba.csod.com.

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