Fair Lending Review and Update


Fair Lending never seems to fall out of fashion. While the rest of the industry focuses on TRID, Flood Insurance and HMDA, the regulatory agencies, the Department of Justice and plaintiff attorneys are focused intently on the issue of fair lending.

Large penalties and burdensome enforcement actions are the order of the day. In a recent speech, CFPB Director Richard Cordray confirmed that consent orders accompanying the Bureau’s public enforcement actions provide detailed guidance for compliance officers across the marketplace about how they should regard similar practices at their own institutions. He added “it would be ‘compliance malpractice’ for executives not to take careful bearings from the contents of these orders about how to comply with the law and treat consumers fairly.”

Charges of discrimination can come from any direction and can be obvious, subtle or unintended. 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 to these threats and risks is developing and maintaining a sound fair lending compliance management system.


This information-packed webinar explains recent fair lending problems, corrective action required by the agencies, penalties imposed on the bank, and steps your institution can take to avoid similar problems. Pending developments that will have a significant impact on Fair Lending are explored. We'll also provide a quick refresher on the basic concepts of fair lending and fair lending risk management.

Covered Topics:

  • Basic fair lending concepts
    • Laws and regulations
    • Bases of discrimination
    • Types of discrimination
  • Recent Developments
    • Regulation by enforcement – review of consent orders
      • BancorpSouth Bank case
      • Maternity cases
    • HUD Guidance on Limited English Proficiency
    • Fair Lending actions entered into by municipalities
  • Pending Developments
    • Expansion of Regulation B to include data collection on loans to minority-owned businesses, women-owned businesses, and small businesses
    • How the new HMDA rule will impact fair lending.

Who Should Attend?

Compliance officers, auditors, lending department management, loan operations personnel, loan officers, loan originators and others involved in originating or servicing loans of all types