2022 Lending Compliance 3-Part Webinar Series Recording

Member Fee:  $495(includes all 3 parts)
Non-Member Fee:  $595 (includes all 3 parts) 

Speaker: Susan Costonis

Part 1 will provide an overview of the lending compliance priorities and changes in 2022. This general session is a great introduction for those new to the lending process, as well as an important review for the experienced lenders, audit & compliance professionals.
The focus of 2022 is predicted to include:

  • Fair Lending
  • Technology and consumer protection
  • Consumer product digital marketing & potential UDAAP violations
  • Community Reinvestment Act focus
  • Fair Credit Reporting Act violations 

What you will learn: 

  • What violations do examiners cite most frequently in lending compliance exams?
  • What are the current “red flags” in Fair Lending? This section includes a review of recent enforcement actions, consequences of violations, and tips to avoid fair lending pitfalls.
  • Regulatory expectations for consumer protection
  • Advertising basics for lending and potential UDAAP issues
  • CRA performance evaluation components
  • The top 10 issues for FCRA (Fair Credit Reporting Act)

Part 2 will provide an overview of the consumer lending compliance requirements. This session is a great introduction for those new to the consumer lending process, as well as an important review for the experienced lenders, audit & compliance professionals. 

  • Application Basics of Regulation B
  • Reg Z requirements
  • HMDA requirements
  • Flood Disaster Protection Act
  • E-SIGN steps
  • FCRA issues
  • Mortgage loan disclosures

    What you will learn:

  • What violations do examiners cite most frequently in consumer lending compliance exams?
  • Loan application basics for consumer loans, including requirements for applications secured by real estate.
  • Overview of the required basic disclosures by each lending regulation, with special emphasis in the following:
  • Regulation B requirements
  • Military Lending Act requirements and SCRA (Service Members Civil Relief Act).
  • Overview of Regulation Z requirements, selected RESPA requirements
  • HMDA recap of coverage, required and exempt data fields, common violations, and tools for data integrity.
  • Review of Flood Insurance issues including private flood insurance and required disclosures and coverage calculations; learn how to avoid flood violations that have civil money penalties.
  • Special concerns about credit report accuracy, permissible purpose, and handling disputed reporting under the Fair Credit Reporting Act.

Part 3 will provide an overview of the commercial lending compliance requirements. This session is a great introduction for those new to the commercial lending process, as well as an important review for the experienced lenders, audit & compliance professionals.
The topics for commercial lending include:

  • Preview of probable data collection requirements for minority & women-owned small businesses
  • Compliance for commercial loans including Regulation B, HMDA, Flood, and CRA reporting
  • BSA requirements for “legal entity” loan applications
  • Reg O requirements

What you will learn:

  • Preview of Section 1071 regulations to collect data on applications for credit for women-owned and minority-owned small businesses. 
  • Reg O overview and requirements for extensions of credit to directors, principal shareholders, and executive officers
  • CRA reporting for small business and farm loans
  • Loan application basics for commercial loans, including requirements for applications secured by real estate.
    • Reg O requirements  
    • HMDA recap of coverage, required and exempt data fields, common violations, and tools for data integrity.  
    • Overview of Beneficial Ownership requirements and impacts to lending for loans made to a “legal entity” (corporations, LLCs, partnerships, etc.) 
When
5/18/2022 - 11/26/2022
 

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