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Enhance Your Fair Lending Artillery
Webinar
11 AM CT
Speaker: Kenneth Agle
Duration: 1 hour
Pricing:
$299 - Live, Download or CD
$249 - (for Affiliation Members)
$349 - Live + Download or Live + CD
Fair Lending compliance enforcement is on the rise. The Department of Justice has established a new unit devoted entirely to fair lending enforcement. The agency has hired 60 new attorneys to enforce fair lending laws and they’ve been busy. In the past year, the DOJ has filed or resolved seven major fair lending cases, including a $6.1 million fine against two subsidiaries of AIG — the largest fair lending fine levied in DOJ’s history. The new fair lending unit has filed more lawsuits under the Equal Credit Opportunity Act this fiscal year than in any year in the past decade and has received 50 referrals of suspected fair lending violations from other regulatory agencies – the largest number of referrals generated in the past 20 years.
The message for financial institutions is clear: Examiners are focusing intently on fair lending compliance, and you need to be prepared for that scrutiny. This Webinar is the regulatory equivalent of a flu shot, designed to boost your resistance to fair lending violations. Ken Agle, a leading industry expert, will:
- Explain the powerful new statistical tools regulators are using to assess fair lending risk exposure, and show you how to use these tools to protect yourself.
- Show you how to develop a realistic fair lending risk profile for your institution.
- Explain how to monitor your institution for pricing discrimination, illegal steering and reverse redlining – all new focal points in the FFIEC’s revised interagency fair lending examination guidelines.
- Give you the information you need to create the fair lending risk assessment systems regulators are requiring.
- Identify common fair lending mistakes and show you how to avoid them
BIO: Kenneth Agle
As President/CEO of Counter Risk Group, Mr. Agle brings over 20 years of banking experience covering numerous facets of banking operations. Mr. Agle specializes in strategic regulatory response and in developing and implementing both proactive and reactive tools and systems to preempt and resolve issues affecting today’s financial institution. Prior to launching his own consulting firm, Mr. Agle had been a bank examiner with the FDIC. As a commissioned examiner, Mr. Agle was principally involved in numerous examinations, including Safety and Soundness, Compliance, BSA, IT and Trust.
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