Tuesday, September 29, 2020
12:00 - 1:00 pm (Eastern Time)
11:00 - 12:00 pm (Central Time)
10:00 – 11:00 am (Mountain Time)
9:00 – 10:00 am (Pacific Time)
Fair lending has never been more critical for financial institutions. The expectations from the regulatory agencies have increased in recent years driven by the Dodd-Frank Act, creation of the Consumer Financial Protection Bureau (CFPB), and ever, increasing enforcement action penalties, among others. Banks must have effective compliance programs that evaluate and mitigate risk, including sophisticated statistical analytics capabilities.
This compliance training is critical for lenders, compliance and risk officers, auditors, bank executives, and anyone else needing to fully understand what regulators are seeking from financial institutions.
The course agenda covers:
- Regulatory Enforcement Actions
- Basic Fair Lending Requirements
- Fair Lending Risks, Controls and Analyses
Attendees will learn about:
- Examples of recent redlining enforcement actions
- Illegal discrimination under both Regulation B - ECOA, and FHA based on key demographics, family characteristics, disabilities, etc.
- 5 traits of disparate impacts with 5 examples
- 7 points of discrimination during the credit transaction
- Methods of Discouragement defined and explained
- 1994 Interagency Joint Policy Statement Fair Lending explained with 12 prohibited factors
- Fair Lending Risk Assessment program attributes, policies, procedures, collection standards
- Fair Lending Marketing, Oversight, Complaint Management
- Board Reporting and Senior Management responsibilities
- Policy Monitoring
- Data and Pricing Analytics
- Underwriting Analysis
- And MUCH more...
Kenny Douglas, CPA, CAMS, CRCM, ACTS
Kenny Douglas brings many years of experience in BSA, regulatory compliance and internal audit to his role in Wipfli's risk advisory services team. During his tenure as a Senior Regulatory Compliance Auditor at a top 20 U.S. bank, Kenny specialized in flood and HMDA compliance. He also has extensive experience in risk assessment facilitation and fair lending analysis, and provides customized training solutions to financial institutions and banking associations. Kenny has worked with unique projects related to virtual currency, marijuana banking, and international correspondent banking. He uses this broad foundational knowledge to assist clients in understanding overall risk and improving compliance and BSA systems.
Stephanie Jennings CPA
Stephanie Jennings is a manager in Wipfli’s financial institutions practice. She has more than 18 years of experience in banking, including enterprise risk management, BSA, and regulatory compliance, as well and information security and debt collections. Stephanie has an extensive background in regulatory compliance and is responsible for providing regulatory compliance audits and consulting services to financial institutions with assets ranging from $40 million to over $15 billion. Stephanie provides consulting and advisory services to support bank and non-bank clients through the challenging regulatory environment and industry trends. She works directly with the board of directors, executive management, and staff to create and enhance the overall risk and compliance program and provides training to all levels.
1.0 CPE Credits