Fair Lending Consequences
Fair lending is an area where financial institutions need to be vigilant and always on the lookout. Illegal discrimination can take several forms, which aren’t always obvious. It can often sneak in when you least expect it, which means it’s best to be proactive rather than reactive. This includes ensuring your Board and Management are aware of risk(s), working closely with compliance when developing policies, new products, etc., and ongoing training for your lending personnel. The consequences for noncompliance are just too great
Jerod explains more in the video.
Published
2024/10/14
Jerod Moyer
Jerod is the leader of Banker’s Compliance Consulting’s training productions. He is a nationally recognized speaker. Whether it’s a conference, seminar, school, webinar or luncheon, it’s easy to stay engaged when he presents due to the amount of passion and energy he brings to each and every compliance topic. Jerod has spoken on behalf of the American Bankers’ Association, BankersOnline, many state banking associations, private compliance groups and financial institutions. He is a Certified Regulatory Compliance Manager (CRCM) and BankersOnline Guru. Jerod likes to spend his time (between reading regulations and producing compliance training!) relaxing at the lake with his wife and three children, following their activities or engaged in something sports-related!