Current Fair Lending Issues

This two-hour webinar is designed to make attendees aware of court rulings, announcements from the administration and federal agencies, and recent enforcement actions related to Fair Lending. This program reviews the problem areas and the appropriate response.

Recorded Wednesday,
November 2nd, 2022
Presented by Jack Holzknecht
2h total length
2.5 CRCM Credits
$279.00 or 1 Token

Includes: 30 Days OnDemand Playback, Presenter Materials and Handouts

  • Commercial/Business Lending
  • Compliance
  • CRA Compliance
  • Lending
  • Lending Compliance
  • Mortgage Lending
  • Bank Legal Counsel
  • Board Member
  • Branch Manager
  • Commercial Lender
  • Community Reinvestment Act Officer
  • Compliance Officer
  • Consumer Lender/Retail Banker
  • Internal Auditor
  • Marketing Officer/Business Development
  • Mortgage Lender
  • Trainer

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During the first years of the Biden Administration it has become clear that enforcement of fair lending laws is a high priority. Enforcement actions are not limited to just one or two key issues. As outlined below, there is a broad assault on fair lending issues.

What You'll Learn

  • Redlining – A major spotlight has been placed on this issue. Recent cases, an announcement of DOJ’s Redlining Initiative, Consumer Financial Protection Bureau’s (CFPB) announcement regarding Digital Redlining, and business loan redlining are reviewed
  • Gender Identity and Sexual Orientation – Major events include:
    • The U.S. Supreme Court ruling in the case of Bostock v Clayton County
    • The CFPB’s issuance of the Regulation B Interpretative rule
  • Foreclosure Surge – Following the end of the pandemic-related foreclosure moratoriums the huge volume of foreclosures has been subject to intense regulatory scrutiny. The changes resulting from the CFPB’s Regulation X revisions that impacted the Mortgage Loan Servicing and Loss Mitigation rules are reviewed
  • Artificial Intelligence (AI) and machine learning models – Once viewed as the antidote to disparate treatment, bias has been detected in AI and machine learning models. On March 29, 2021 the Federal Deposit Insurance Corporation, the Board of Governors of the Federal Reserve System, the Office of the Comptroller of the Currency, the CFPB, and the National Credit Union Administration (the agencies) issued a Request for Information (RFI) seeking information and comments on the use of artificial intelligence (AI) by financial institutions
  • Limited English Proficiency – This session reviews:
    • Pronouncements from the Department of Housing and Urban Development (HUD) and the CFPB
    • Enforcement actions
  • Maternity Cases – After hundreds of cases were settled in recent years, the spotlight on this issue has dimmed, but the issue remains a concern
  • Targeted Advertising – The use of social media has become an important marketing tool for many providers of consumer financial services. Private lawsuits have been filed and focus on the intersection of targeted marketing and anti-discrimination laws. The status of regulatory activity and redlining claims related to targeted marketing are reviewed
  • Discrimination in Appraisals - Numerous anecdotes and one case outline the problem that results when appraisers are loose with the selection of comparables and adjustments made between the subject property and comparables
  • Data Collection and Reporting for Small Business Loans – Massive new regulations that require the collection and reporting of small business loan data are unfolding

Who Should Attend

The program is designed for the Board of Directors, senior management, loan department management, compliance officers, loan officers, marketing officers, auditors, and others with responsibilities related to the marketing, origination and servicing of loans.

Jack Holzknecht

Instructor Bio

Jack Holzknecht is the CEO of Compliance Resource, LLC. He has been delivering the word on lending compliance for 44 years. In 39 years as a trainer over 147,000 bankers (and many examiners) have participated in Jack's live seminars and webinars. Jack's career began in 1976 as a federal bank examiner. He later headed the product and education divisions of a regional consulting company. There he developed loan and deposit form systems and software. He also developed and presented training programs to bankers in 43 states. Jack has been an instructor at compliance schools presented by a number of state bankers associations. As a contractor, he developed and delivered compliance training for the FDIC for ten years. He is a Certified Regulatory Compliance Manager and a member of the National Speakers Association.

Continuing Education Credit Information

Current Fair Lending Issues has been approved for 2.5 CRCM credits. This statement is not an endorsement of this program or its sponsor. Credits are redeemable for Live attendance only. For questions on certificates, please email support@oncourselearning.com. Certification holders must report these credits at https://aba.csod.com.