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Fair Lending Hot Topics - What’s on the Horizon?
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When: 12:30 PM
Where: United States

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Program Content:

The CFPB announced THREE fair lending priorities for 2017 on December 16, 2017. What is on the regulatory agenda and how will it impact your bank in 2017-2018?

Redlining: The CFPB “will continue to evaluate whether lenders have intentionally avoided lending in minority neighborhoods.”
Mortgage and Student Loan Servicing: The CFPB “will determine whether some borrowers who are behind on their mortgage or student loan payments may have more difficulty working out a new solution with the servicer because of their race or ethnicity.”
Small Business Lending: “Congress expressed concern that women-owned and minority-owned businesses may experience discrimination when they apply for credit, and has required the CFPB to take steps to ensure their fair access to credit.”
The October 4, 2016 Interagency Fair Lending Hot topics included MANY presentations about “redlining”. Could “redlining” be a concern with YOUR regulator in 2017-2018?

In this session, you will learn about the most current “red flags” and “hot buttons” identified by regulators in conducting Fair Lending exams. You can avoid many of these pitfalls by developing simple internal controls as part of an effective compliance management system.

Covered Topics:

      • New HMDA rules will go into effect in 2018, now is the time to start updating the HMDA data collection process. What will your HMDA data reveal? How will the proposed additional HMDA data fields impact fair lending?
      • What are the fundamentals of Fair Lending, including best practices for inquiries, loan interviews, application processing, and documenting denials?
      • Compensation issues – recent headlines about enforcement actions will bring more focus to this area.
       What should you know about the interagency Fair Lending examination procedures used by the CFPB, OCC, FDIC, and Federal Reserve? What were the fair lending Interagency Hot Topics in October of 2016?
      • How can an effective internal Fair Lending review help detect problems before the examiners arrive? How would your bank be viewed by “paired testers”?
      • What are the fundamentals developing a Fair Lending Risk Assessment?
      • What should your internal Fair Lending training sessions cover? Who needs the training?

Who Should Attend?

This informative session will benefit front-line lending staff, loan officers, loan processors, compliance officers, auditors, credit administrators, risk managers, fair lending officers, and senior management.


Susan Costonis is a compliance consultant and trainer. She specializes in compliance management along with deposit and lending regulatory training.

Susan has successfully managed compliance programs and exams for institutions that ranged from a community bank to large multi-state bank holding companies. She has been a compliance officer for institutions supervised by the OCC, FDIC, and Federal Reserve. Susan has been a Certified Regulatory Compliance Manager since 1998, completed the ABA Graduate Compliance School, and graduated from the University of Akron and the Graduate Banking School of the University of Colorado. She regularly presents to financial institution audiences in several states and “translates” complex regulations into simple concepts by using humor and real life examples.


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