Fair Lending Expectations

The CFPB’s focus on Fair Lending increased substantially in 2017 and we can only imagine that 2018 will be more of the same.  Small Business Lending, Mortgage and Student Loan Servicing, and Redlining have been some specific areas that have faced more scrutiny.  What’s more, “redlining” isn’t your traditional redlining from the past.  It now encompasses a bank’s REMA (Reasonably Expected Market Area).  Your REMA is determined/defined by your regulators, not your bank!  Loan pricing discretion is also another hot spot where fair lending issues are typically found and won’t be going away.  Will your bank’s fair lending practices pass the test?  You don’t want to miss the boat on regulatory expectations regarding fair lending compliance!

 

Be sure to join us for “Fair Lending” on January 30, 2018.  This two-hour, video webinar, will discuss the Regulator Expectations, Fair Lending Hot Spots, Risk Assessments & Mitigation and much, much more!

 

Jerod Moyer explains more about Fair Lending below.

 

 

Published
2018/01/23
Deb Irving
David Dickinson

David Dickinson

David’s banking career began as a field examiner for the FDIC in 1990. He later became a Compliance Officer and Loan Officer for a small bank. In 1993, he established Banker’s Compliance Consulting. Along with his amazingly talented Team, he has written numerous compliance articles for prestigious banking publications and has developed compliance seminars that Banker’s Compliance Consulting produces.

He is an expert in compliance regulations. He is also a motivational speaker and innovative educator. His quick wit and sense of humor transforms the usually tiring topic of compliance into an enjoyable educational experience. David is on the faculty of the American Bankers Association National Compliance Schools and has served on the faculty of the Center for Financial Training for many years. He also is a frequent speaker at the ABA’s Regulatory Compliance Conference. He is also a trainer for hundreds of webinars, is a Certified Regulatory Compliance Manager (CRCM) and has been a BankersOnline Guru for many years. The American Bankers Association honored David with their Distinguished Service Award in 2016.

David and his wife Karen have three adult children, four grandchildren (none of whom live at home!) and two cats (of which Dave is allergic … the cats, not the children!). They recently moved to an acreage outside of Lincoln, Nebraska where he gets to play with his tractor. When possible David can be found fishing, making sawdust in his shop, or playing the guitar and piano. He also enjoys leading worship at his church.

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