Let’s walk through the baseline framework that is not changing, understand what is, and discuss steps to mature your community bank Fair Lending Program. Limited Spots available! Join us for this special 2 ½ hour class and workshop for community bankers to explore the current and changing requirements and the environment for Fair Lending standards.
We will discuss the basic requirements that all community banks must demonstrate, beginning with the Fair Lending risk assessment process. We will also review policy, training, application and underwriting processes. We will share common errors, audit exceptions and exam findings to highlight potential gaps. Finally, we will break into groups to explore the operationalizing of compliance and best practices at your institution, including risk-rating loan exceptions for Fair Lending. We will share in a “cameras on”, “microphones on” mode during the workshop.
What You’ll Learn
- Regulation B and Fair Housing Act
- Types of Lending Discrimination
- Basic Elements of a Community Bank Fair Lending Program
- Relationship of Fair Lending to Community Reinvestment Act (CRA)
- An understanding of Reasonably Expected Market Area (REMA) and red-lining
- Risk Rating loan exceptions
- Common errors and audit findings in Fair Lending Audits
- Internal controls to support the Fair Lending Program
- Impact of the ever-changing small business application requirements (can you say 1071?)
- A workbook complete with ideas/tips/tools from other bankers to try in your bank
Who Should Attend
This workshop will be advantageous to any community banker with hands-on responsibilities for Fair Lending and/or Community Reinvestment Act compliance, as well as those handling loan adverse actions and loan exceptions. This can include loan officers, loan processors responsible for denials and/or second review, compliance officers, and auditors.