Fair Lending Essentials

Fair lending is always in the regulatory spotlight. We continue to see violations and enforcement actions across the country. This seminar provides a thorough review of the basic tenets of Fair Lending and a review of recent cases and regulatory actions.

Recorded Wednesday,
January 18th, 2023
Presented by Kimberly Boatwright
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
  • Lending
  • Lending Compliance
  • Mortgage Lending
  • Risk Management/Legal
  • Bank Legal Counsel
  • Board Member
  • Commercial Lender
  • Community Reinvestment Act Officer
  • Compliance Officer
  • Consumer Lender/Retail Banker
  • Credit Analyst
  • Internal Auditor
  • Loan Closer
  • Loan Operations Manager/Specialist
  • Marketing Officer/Business Development
  • Mortgage Lender
  • Private Banker
  • Risk Manager
  • Security Officer
  • Small Business Lender
  • Workout Specialist/Collector

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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

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.

Kimberly Boatwright

Instructor Bio

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.

Continuing Education Credit Information

Fair Lending Essentials has been approved for 2.5 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.