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Course description

ICB Credit: 2.5 CRCM

It has never been more difficult to manage the affairs of a financial institution. As if market conditions were not challenging enough, we are faced with a new wave of compliance challenges. The Consumer Financial Protection Bureau and the other financial regulators have all recently issued Fair Lending Guidance as a prelude to increased examination scrutiny. Unfortunately, “consumer protection” attorneys are also taking notice of this potentially profitable area. Fair Lending obligations touch on every element of your operations from advertising to lending to collections and beyond! You don’t want to be caught ill prepared for the new compliance realities. You need to understand the logic and limits of Fair Lending requirements in order to ensure your team is prepared.

In the unlikely event you are fully satisfied with your internal Fair Lending compliance; don’t think you are out of the woods. Most banks rely on third party vendors in all aspects of their lending operations. It has always been a challenge to effectively manage our vendors in order to maintain the better end of the bargain. But general performance, privacy and security are no longer your only vendor concerns. Under the broad scope of the current laws, you can be held liable for fair lending violations committed by your vendors! What does your contract say about this? How are you monitoring and measuring the risk? This is a compliance risk you cannot afford to ignore.

This session will discuss:
  • High Risk Third Party Vendors
  • Addressing Compliance in the Contract
  • Incorporating Vendors Into Your Fair Lending Compliance Program
  • Key Regulatory Guidance
  • Vendor Management Best Practices
Who Should Attend
This informative session is designed for executives, senior management staff, compliance, vendor management, real estate lending, automotive lending, collections, internal audit, audit committee and anyone involved in real estate collections and loan servicing.


David Reed

Attorney, author, consultant and nationally recognized speaker, David A. Reed is a partner in the law firm of Reed and Jolly, PLLC. Through Reed and Jolly, Mr. Reed provides guidance to financial institutions concerning a variety of matters including the establishment and revision of policies and procedures, organizational compliance, collections, security, contractual agreements, regulatory matters and corporate governance. His engaging speaking style has garnered him status as a regular lecturer nationwide on topics such as regulatory compliance, consumer lending, bankruptcy and collections. He offers facilitation services and a full range of on-site training programs that can be delivered to the Board, executive team, managers or frontline staff. A former trial attorney and Vice President and General Counsel of a regional financial institution, Mr. Reed is particularly noted as an expert in the areas of financial institution operations, bankruptcy and collections. He has been selected to train federal and state field examination staff on numerous issues including ID Theft Red Flags, S.A.F.E Act, Third Party Contract Management and Bankruptcy. He also serves as editor of several industry manuals. Mr. Reed received his undergraduate degree from Virginia Tech in 1986 and his Juris Doctorate from George Mason University School of Law in 1989. He is a Certified Compliance Officer and resides in Fairfax, Virginia with his wife Diane and their twin daughters.

Course curriculum

  • 1


    • Fair Lending Risks in Third Party Relationships: From Indirect Lending to Mortgage Services and Beyond

  • 2


    • Questions and Answers

    • OCC Fair Lending Manual

    • FDIC Fair Lending Manual

    • Slides