Understand the federal regulatory guidance concerning fair lending issues in mortgage originations, marketing, and servicing.
Banks and financial institutions continue to face regulatory actions based on fair lending violations. In particular, the products and services that banks offer and the way these products are delivered is being challenged to be faster and nimbler. Today's bank must consider non-traditional mortgage origination in areas that were once considered outside the banking zone; including being able to originate loans using such tools as internet products and payment platforms. This topic will describe the areas of concern for regulators who are looking at compliance with fair lending laws and the possibility of disparate impact. In addition, we will discuss the interaction of the fair lending laws with various other regulations (e.g., Equal Credit Opportunity Act, Flood Insurance Rules and the Unfair, Deceptive, Abusive Acts or Practices Act). Finally, we will discuss strategies for monitoring compliance as products and services change.
Agenda
Faculty
James DeFrantz, CRCM, CAMS, J.D.
Virtual Compliance Management
- 30 years of experience in financial service regulatory compliance
- Worked with money service businesses in the United States and internationally, including consulting with money remitters, Fintech lenders and foreign exchange firms
- Specialist in compliance in consumer and real estate lending, BSA, CRA, fair lending, consumer operations, non-deposit investment products, note department operations, assessment of ALL, and credit approval process
- Served as a senior compliance examiner at the Federal Reserve Bank in San Francisco, as an analytical manager at the Office of Thrift Supervision, and as a commissioned national bank examiner at the Office of the Comptroller of the Currency (OCC)
- Certified Regulatory Compliance Management and Certified Anti- Money Laundering Specialist
- Certificate, Pacific Coast Banking School of Bank Management; J.D. degree, with a concentration in banking and finance, University of San Francisco; B.A. degree, Dartmouth College
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