The CFPB and other federal regulatory agencies have made it clear: fair lending compliance is a priority for financial institutions. As the level of fair lending examination scrutiny increases, the frequency of enforcement actions, the size of restitution to consumers, and the regulatory penalties assessed against financial institutions has grown exponentially in recent months. Penalties are far reaching!
LexisNexis | Sheshunoff is pleased to offer all the Fair Lending guidance you need in a one-of-a-kind solution. Our Fair Lending Bundle showcases industry best practices for the development and maintenance of a robust fair lending compliance management system to meet heightened regulator expectations. Your purchase includes our authoritative Federal Fair Lending and Credit Practices Manual, admission to an upcoming 2-part Webinar event, and access to an on-demand session on the fundamentals of a Fair Lending program.
The Federal Fair Lending and Credit Practices Manual provides timely information and authoritative guidance on fair lending and credit practices, covering the seven major federal anti-discrimination and fair credit laws and the requirements of the Consumer Financial Protection Bureau. This easy-to-use reference places all relevant material compiled in one place, so the answers you need are right at your fingertips:
• Detailed explanations of how to comply with requirements under each statute covered
• Full text of the pertinent laws and implementing regulations
• All Official Staff Commentary issued by the regulatory agency administering the law
• Case digests and studies
• Practice-tested sample forms you can use as models for your specific situation
You’ll also receive admission to our 2-day webinar event, Fair Lending: Program Development and Self-Assessment. Webinars will be held from Noon-1:30 ET on April 29 and 30, 2015. Together, these fast-paced Webinars will provide you with the fundamentals of a sound fair lending program as well as insights on current trends and approaches. Following these sessions, you’ll be able to:
• Ascertain the strengths and weaknesses of your institution’s fair lending program
• Provide proactive solutions to address any problematic areas
• Develop a typical fair lending program, with insights on policy, program, monitoring, and reporting elements to manage the process
• Employ new tips and techniques to achieve an effective fairness program
• Perform a self-assessment and promptly address any red flags
As a bonus, we’ll include a recording of the Banking Bootcamp: Fair Lending Update Webinar which reviews the latest case updates on the future of the “disparate impact” test, and will help you understand the CFPB’s risk-based fair lending prioritization process, identify best practices for developing a robust Fair Lending compliance management system and meeting examiner expectations, and recognize the top risk indicators for fair lending violations in today’s market.
This unique product bundle was compiled in conjunction with a variety of experts:
David Stemler
David Stemler is an author/editor of Pratt’s Letter, the Federal Banking Law Service, Pratt’s Bank Law & Regulatory Report, the Federal Advertising and Marketing Law Guide, the RESPA Manual, and the Financial Privacy Alert, all published by A.S. Pratt & Sons. Mr. Stemler is a graduate of Pennsylvania State University and the University of Pittsburgh School of Law. He is a member of the bar in Pennsylvania and the District of Columbia.
Dena Somers
Dena Somers provides regulatory compliance and risk management consulting services to financial institutions and companies in highly regulated industries, including large bank holding companies. She has broad experience advising clients in a variety of regulatory matters including banking and securities law, BSA and AML training, private equity fund and hedge fund structuring and marketing, and mortgage servicing compliance. Previously, Ms. Somers served as General Counsel to a national mortgage servicing company and has represented financial institutions in a broad array of complex litigation matters for more than 15 years. In addition to consulting, she has authored mortgage banking training publications and is a frequent lecturer on current mortgage banking trends and regulatory compliance training for the banking industry.
Jerry Miller
Jerry Miller brings a wealth of regulatory and private sector experience and expertise to the clients he serves in Wipfli's Regulatory Compliance practice. Continuing the work he did at REGCOM, he provides proactive compliance services to the financial institutions industry and specializes in assisting management in responding to enforcement actions. He also serves as a consultant regarding new products, services, and related areas of potential regulatory risk. In addition, he partners with senior management and staff to design, develop, implement, and test policies, procedures, and control systems to ensure sound governance throughout the financial institution. He is a frequent presenter for seminars and webinars. Jerry is a graduate of the University of Wisconsin-Platteville and the Southwest Graduate School of Banking and holds CMC, CRP, CRCM, and AMLS certifications.