Avoid the traps and gain practical tips and tools to comply with legal requirements.
Fair lending is serious business. Learn from two industry experts about the federal Equal Credit Opportunity Act (ECOA), the Fair Housing Act, and other laws and regulations mandating fair and responsible lending and non-discrimination. This topic will provide a general overview of not just the core legal requirements but also the traps for the unwary, as well as practical tips and tools to comply with those laws. Topics likewise include recent significant appellate cases, predictions about enforcement activity by the Consumer Financial Protection Bureau (CFPB), the Department of Justice, and by prudential regulators, as well as the tools available to the plaintiffs' bar. Receive relevant insights on what's coming around the corner and tips on how to keep one step ahead. Don't miss it.
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Agenda
Overview of Federal Fair Lending Laws
- ECOA/Regulation B (Broader)
- Fair Housing Act (Narrower: Mainly Mortgage Loans)
- Community Reinvestment Act
- Home Mortgage Disclosure Act
Overview of ECOA and Regulation B
- Core Statutory Provisions (With FHA Comparison)
- Key Regulations (Reg B)
- Types of Discrimination
- HUD Disparate Impact Rule
- Supervision, Enforcement, and Litigation Provisions
Complying With Fair Lending Laws
- Advertising and Marketing
- Underwriting Policies
- Loan Documents
- Adverse Action
- Record Gathering, Recordkeeping, and Reporting
- Self-Testing
- Fair Servicing
Government Enforcement
- CFPB
- Department of Justice
- Banking Regulators/HUD
- Other Agencies
Consumer Litigation
- Private Right of Action
- Limitations Periods
- Liability
Key Supreme Court Rulings
- Texas Dept. of Housing and Community Affairs v. Inclusive Communities Project (SCOTUS 2015)
- Hawkins v. Community Bank of Raymore (8th Cir. 2014), Aff'd by Equally Divided Court (SCOTUS 2016)
- Bostock v. Clayton County (SCOTUS 2020) (LGBTQ Protections Under Title VII)
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Credits
OnDemand Course
This course was last revised on December 12, 2023.
Call 1-866-352-9540 for further credit information.
- AK CLE 1.0
- Alaska attorneys may receive 1.0 hours of continuing legal education for completing this program. Please contact the Alaska Bar Association or go to www.alaskabar.org for details regarding reciprocity with other states.
- AL CLE 1.1
- This course or a portion thereof has been approved by the Alabama State Mandatory Continuing Legal Education Commission for a maximum of 1.1 hours credit.
- AR CLE 1.0
- This course has been approved for 1.0 hours of CLE by the Arkansas CLE Board.
- Arizona CLE 1.0
- The Arizona State Bar does not pre-approve or pre-certify MCLE programs. However, records of this program and attendance will be maintained by Lorman Education Services for auditing purposes. This activity may qualify for up to 1.0 hours toward your annual CLE requirement for the State Bar of Arizona.
- CA MCLE 1.0
- Lorman Education Services is a State Bar of California approved MCLE sponsor and this course qualifies for 1.0 CLE hours of participatory credit.
- CT CLE 1.0
- Neither the Connecticut Judicial Branch nor the Commission on Minimum Continuing Legal Education approve or accredit CLE providers or activities. This course has been approved for CLE credit in jurisdictions aside from CT and therefore it automatically meets the content and delivery requirements in Connecticut. Credit is based on a 60 minute credit hour and shall be awarded as follows: 1.0 CLE credit(s).
- GA CLE 1.0
- This program has been approved by the Georgia Commission on Continuing Lawyer Competency for 1.0 CLE hours.
- IL CLE 1.0
- This course was approved for a total of 1.0 hours of MCLE Credit by the Illinois MCLE Board.
- MO CLE 1.3
- This course qualifies for self-study CLE credit in Missouri.
- RI CLE 1.0
- This program has been approved by the Rhode Island Mandatory Continuing Legal Education Commission for 1.0 hours of CLE credit.
- VT CLE 1.0
- This self-study program has been approved by the Mandatory Continuing Legal Education Board of Vermont for 1.0 hour(s) of CLE credit. Please note: Attorneys may only claim 12 credits per compliance period in this format. This course is considered "Non-Moderated Programming without Interactivity".
- WV MCLE 1.3
- This program has been approved by the West Virginia State Bar MCLE Commission for 1.3 MCLE hours.
To earn each credit Lorman offers through the OnDemand learning platform, you need to watch 100% of the program. Also, for certain credits you will need to fulfill additional requirements which will be displayed on the "credits" tab when viewing the course.
This program does NOT qualify, nor meet the National Standard for NASBA accreditation.
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Faculty
Richard E. Gottlieb
Manatt, Phelps & Phillips, LLP
- Partner co-resident in the Chicago and Los Angeles offices of Manatt, Phelps & Phillips, LLP
- Nationally peer-ranked as one of the top consumer financial services lawyers, and longtime leader of the firm’s Chambers-ranked consumer financial services practice
- Advises and defends banks, mortgage lenders, mortgage servicers, and other financial services providers in consumer class actions, enforcement matters, and other proceedings before regulators
- Lead editor and co-author of the leading desk reference in his field, The Consumer Financial Services Answer Book, published by Practicing Law Institute; frequent lecturer and author of more than one hundred other published articles in the field of consumer financial services
- Member of the bars of California, Illinois, New York, and Washington, D.C.
- LL.M. degree, Georgetown University; J.D. degree, University at Buffalo; B.A. degree, Vanderbilt University
- Can be contacted at 312-529-6310 or [email protected]
Joseph Reilly
Manatt, Phelps & Phillips, LLP
- Counsel in the Washington, D.C. office of Manatt, Phelps & Phillips LLP
- Advises lenders, fintech startups, and other financial services providers on compliance, lending, and authority matters; he also defends clients in enforcement actions, informal investigations, and examinations by the Consumer Financial Protection Bureau (CFPB), the federal banking agencies, and state regulators
- Frequently writes and speaks on regulations relating to consumer and business lending; he is the principal author of the American Bankers Association’s most popular publication ever: The CFPB Mortgage Origination Rules Deskbook (equally applicable to non-bank lenders), the 624-page treatise, now in its second edition, is the authoritative volume on mortgage lending regulations mandated by the Dodd-Frank Act
- Former vice chair, American Bar Association’s Truth-in-Lending Subcommittee; member of the New York and Washington, D.C. Bars
- J.D. degree, order of the coif, University of Virginia; A.B. degree, Stanford University
- Can be contacted at 646-441-8944 or [email protected]
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
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