Course description

Fair Lending is nothing new, but increasing regulatory scrutiny, interpretations, and expanding applications of it sure are!

While traditional fair lending issues remain under the microscope, the CFPB really, really wants to declare a “discriminatory” practice to be an “unfair” one.  If they have their way, this will fundamentally expand fair lending principles to the deposit side of the house too, thereby creating fair banking standards for the industry.

Add to this simmering brew the issues of digital redlining, AI, appraisal bias, reconsiderations of value (ROVs), Automated Valuation Models (AVMs), junk fees, 1071, and CRA – and compliance staff have more than they can bear!

Join this two hour webinar to review the basics of fair lending and UDAP / UDAAP, and see how they are being applied in the new “holistic” regulatory landscape.   Come away with both a renewed understanding of foundational facts AND helpful guidance for applying those facts to new expectations.

Speaker Rebekah Leonard is the Director of Compliance for a $6 Billion bank and has worked in the trenches for over 25 years. She must constantly apply regulatory requirements to the challenging and highly competitive world of banking every day.  She’s also been through multiple compliance exams, and understands the difficulties of fair lending oversight for community banks.  

 

Join her for insight on:

 

  • Applying fair lending principles to every aspect of the loan cycle
  • Training every employee on fair lending principles
  • Discretion:  it happens – what to do about it
  • UDAP & UDAAP and what it means for fair banking
  • Competing with brokers (aka marketing on the edge)
  • Social media: danger and opportunity
  • Digital redlining
  • ROVs and AVMs
  • Appraisal bias: emerging expectations
  • More pieces of the puzzle:  1071 and CRA
  • Risk measurement and mitigation


Instructor(s)

Rebekah Leonard, CRCM

Rebekah F Leonard, CRCM Rebekah is the owner of Elucidate LLC, a compliance training and consulting company. Elucidate means to “make clear, explain, throw light upon”, and describes Rebekah’s desire to illuminate the complexities of compliance with passion and fun. She’s created and produced a TRID music video parody and several Compliance Breakout escape rooms, which she frequently provides at state banking compliance conferences. She is an accomplished speaker and regularly provides webinars through BOL and Compliance Resource. Rebekah is currently serving as the VP Director of Compliance for a $6 Billion community bank in Montana. She began her career in 1995 at a private lending company, but soon settled into banking, where she’s covered nearly all of it – customer service and teller work, loan processing and review, BSA, and security and business continuity. She now oversees CRA and all aspects of compliance as a senior leader. She has successfully navigated numerous FDIC Compliance, CRA, and BSA Exams. Rebekah has a bachelors’ degree in Organizational Leadership from Chapman University (Magna cum Laude), attended the American Bankers Association National Compliance School in 2003, and has held her Certified Regulatory Compliance Manager designation since 2006. She is a BOL Compliance Guru.

Course curriculum

  • 1

    Materials

    • Watch the Fair Lending Webinar

    • Slides

    • Q&A

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