While fair lending issues have never truly "gone away," they were relatively quiet for a bit. But like waters that had been held back by a weakened dam, fair lending issues are now sweeping through financial institutions of all sizes. From mortgage lending to unsecured and indirect lending, pitfalls abound. The Department of Justice (DOJ) has even created a fair lending unit to assist in its effort to make fair lending its priority.
But a bit of internal monitoring can go a long way in providing early identification and protection from those dreaded words "Mr. Banker, we are referring this to the DOJ".
This session will assist you in:
- Developing simple workpapers and spreadsheets to identify potential problems
- Implementing easy, proactive, preventive procedures
- Understanding how to avoid the mistakes of others
Who should attend?
- Fair Lending and Compliance Officers
- Senior management
- Loan Officers
- Risk Management Officers
Fair Lending - Internal Monitoring
Questions and Answers