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Fair and Responsible Lending

Gain a better understanding of regulatory priorities and where to find additional resources.

Fair lending and unfair, deceptive, or abusive acts and practices (UDAAPs) are key risks facing financial institutions today. This presentation will provide an overview of risks and mitigation approaches for five current areas of regulatory focus in fair and responsible banking: appraisal bias, algorithmic discrimination, overdraft and NSF practices, redlining, and discrimination as an unfair practice under UDAAP. After the program, participants will be armed with a greater understanding of regulatory priorities and where to find additional resources.

66 minutes
Course Exam
Certificate of Completion
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Why Lorman?

Over 35 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

Appraisal Bias

  • PAVE Membership and Report
  • Best Practices for Risk Management

Redlining

  • Supervisory and Enforcement Activity
  • Best Practices to Manage Risk

Model Bias

  • Examination Trends
  • Fair Banking Assessments of Model Risk

Overdraft and NSF Fees

  • Fee Practices
  • Fee Distribution
  • ACH Representment

UDAAP Unfairness as Discrimination

  • CFPB Examination Manual Changes
  • Examples of Discriminatory Unfairness
  • Best Practices for Risk Management

Conclusions

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Why Lorman?

Over 35 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

Applications have not yet been submitted for Delaware, Idaho, Kentucky, Maine, Ohio, Oklahoma, South Carolina, and Wyoming CLE for this course. However, if you are interested in obtaining CLE for any of the listed states or have any additional credit questions please email us at [email protected] or call us at 866-352-9540.

This course was last revised on November 15, 2022.

Call 1-866-352-9540 for further credit information.

  • 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 Business Center, LLC. 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.
     
  • HI CLE 1.0
     
  • This program was approved by the Hawaii State Board of Continuing Legal Education for 1.0 CLE credit hours.
     
  • MO CLE 1.3
     
  • This course qualifies for self-study CLE credit in Missouri.
     
  • NH MCLE 1.1
     
  • NH MCLE does not approve or accredit CLE activities for the NH Minimum CLE requirement. Lorman Education Services believes this Ondemand course meets the requirement of NH Supreme Court Rule 53 and may qualify for CLE credit(s). Program Length: 65 Minutes.
     
  • NJ CLE 1.3
     
  • This program has been approved by the Board on Continuing Legal Education of the Supreme Court of New Jersey for 1.3 hours of total CLE credit.
     
  • PA CLE 1.0
     
  • This Distance Learning program has been approved by the Pennsylvania Continuing Legal Education Board for 1.0 hours of substantive law, practice and procedure CLE credit.
     
  • 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".
     
  • WI CLE 1.0
     
  • This program qualifies for 1.0 hour(s) of ondemand CLE through the WI Board of Bar Examiners.
     
  • 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.

MP3 Download

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

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Why Lorman?

Over 35 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

Lynn Woosley

Lynn Woosley

Treliant

Lynn W. Woosley, CRCM

  • Managing director with Treliant, LLC
  • Leads the fair and responsible banking practice and co-leads the fintech team
  • Extensive risk management experience in regulatory compliance, consumer protection, consumer and commercial credit risk, credit and compliance risk modeling, and model governance in both financial services and regulatory environments
  • Assisted fintechs, banks, credit unions, and nonbank mortgage companies in addressing fair and responsible banking, compliance, and model risks
  • Held leadership positions including Senior Vice President and Fair and Responsible Banking Officer; Group Vice President for Wholesale Transaction Modeling; and First Vice President for Portfolio Management within the Enterprise Risk Management division of a top ten bank
  • Served as senior Examiner and Fair Lending Advisory Economist at the Federal Reserve Bank of Atlanta
  • Featured speaker for numerous banking, compliance, and CRA conferences across the country
  • Developed training materials related to fair lending, fair housing, UDAAP, credit risk management, credit scoring, and other consumer protection topics
  • Authored more than 100 articles, webinars, and conference presentations on consumer protection, risk management, and financial services
  • Served as both chair and vice-chair of the Consumer Bankers Association’s Fair and Responsible Banking Committee
  • Certified Regulatory Compliance Manager and a Commissioned Examiner of the Federal Reserve System
  • M.B.A. degree, Middle Tennessee State University; M.S. degree in finance, Georgia State University; B.B.A. degree, Middle Tennessee State University
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Why Lorman?

Over 35 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.

All of your training, right here at Lorman.

Pay once and get a full year of unlimited training in any format, any time!

  • OnDemand Courses
  • Live Webinars
  • MP3 Downloads
  • Course Manuals
  • Executive Reports
  • White Papers and Articles

Additional benefits include:

  • State Specific Credit Tracker
  • All-Access Pass Course Concierge

Questions? Call 877-296-2169 to speak with a real person.

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Product ID: 409024
Published 2022
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