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.)