Fair Lending Risks: What You Need to Know in 2015
Federal bank regulatory agencies, the Department of Justice, and others continue to regulate Fair Lending issues in banking. Demand for corrective action includes conducting risk assessments, further training, and risk monitoring. Violations can be very expensive and damage the reputation of financial institutions. A well-developed Fair Lending compliance management system (CMS) helps to determine potential risks and to obviate fair lending problems.
In a two hour live webcast, a panel of thought leaders and practitioners assembled by The Knowledge Group will provide an over-view of the current state of Fair Lending Risks and discuss the most significant and current issues you need to be aware of in lending. The panel also will offer best practices and guidance in developing a successful Fair Lending Compliance Management Program to mitigate risks.
Some of the major topics that will be covered in this course are:
- Overview of Fair Lending Laws
- Evaluating Inherent and Residual Risk: Loan and Processes
- Fair Lending Compliance Management System
- Indicators and Strategies in Fair Lending Risk Assessment
- Compliance Management System
- Target Pricing - The Target Price
- Up-to-the Minute Fair Lending Updates
- Compliance and Litigation Risk
Pepper Hamilton LLP
- Definition of “Fair Lending” and Fair Lending Jurisdiction: More than one legal source provides for the doctrine of fair lending and several federal agencies interpret and enforce the doctrine
- Agency Oversight & Supervisory Findings: The principal regulatory framework with a focus on the CFPB' s rules and observations of lenders
- Business Conduct Rules: Best practices outlined by federal agencies focus on compliance management systems
- Privilege Concerns & Enforcement: The CFPB' s position regarding the attorney-client privilege and their investigations and general enforcement framework for fair lending violations
Parker, Hudson, Rainer & Dobbs LLP
- Defending, from a trial lawyer's perspective, fair lending claims made by regulators (state and federal), individual plaintiffs, and in the class action context. I do not mean to include regulatory investigations and settlements here so much as the different sources of fair lending disputes and the commonality in defending against fair lending claims.
- Statutory bases for typical fair lending claims.
- The relative burdens in proving/defending a fair lending claim (although I do not plan on devoting time to the Texas Dept. of Housing and Community Affairs case).
- Use of data/techniques to model decision-making in fair lending cases.
- Fair lending "checklist" issues for litigation, discovery, settlement, and trial.
Who Should Attend:
- Financial Crime Attorneys & Consultants
- Pricing Analysts
- Banks and Financial Institutions’ Executives
- Lending/Loan officers
- Risk Management Directors
- Other Interested/Related Professionals
Frank A. Mayer, III, is a partner in the Financial Services Practice Group of Pepper Hamilton LLP. Mr. Mayer's practice focuses on counseling financial institutions and independent board committees. Mr. Mayer also regularly defends financial institutions, independent committees, and directors and officers in connection with regulatory and enforcement actions. Mr. Mayer also counsels regulated business enterprises with respect to their relationships with federal, state and local governments. Mr. Mayer was a former senior official with FDIC and the RTC, and was its representative to the interagency bank fraud working group. Mr. Mayer recently provided counsel to the independent consultant engaged to conduct the independent review of the mortgage serving operations of ALLY FINANCIAL, ALLY BANK , RESIDENTIAL CAPITAL, LLC , and GMAC MORTGAGE, LLC pursuant to the Consent Order at FRB Docket No. 11-020-B-HC 11-020-B-DEO and FDIC-11-123b.
Frank A. Mayer, III, is a partner in the Financial Services Practice Group of Pepper Hamilton LLP. Mr. Mayer's practice …
ERIC JON TAYLOR is a Partner at Parker, Hudson, Rainer & Dobbs LLP. Eric specializes in all areas of complex litigation and trial work. He has broad experience both from working as lead trial counsel in many high profile cases and as in-house chief litigation counsel for the U.S. subsidiary of a Fortune 100 financial services company. His practice focuses on defense in all aspects of employment, banking, housing, insurance and financial services litigation, with a primary concentration on defense of class actions and individual lawsuits in federal and state courts, and training to avoid litigation, all while fulfilling customer privacy obligations. Eric also advises clients on their practices and procedures related to mortgage servicing, mortgage insurance, employment, life insurance, annuity and mutual fund sales, affirmative action, fair lending, consumer lending, and debt collection.
ERIC JON TAYLOR is a Partner at Parker, Hudson, Rainer & Dobbs LLP. Eric specializes in all areas of complex …
Print and review course materials
Method of Presentation:
On-demand Webcast (CLE)
NASBA Field of Study:
NY Category of CLE Credit:
Areas of Professional Practice
2.0 CPE (Not eligible for QAS (On-demand) CPE credits)
Unlock All The Knowledge and Credit You Need
Leading Provider of Online Continuing Education
It's As Easy as 1, 2, 3
Get Your 1-Year All Access Pass For Only $199
About Pepper Hamilton LLP
Pepper Hamilton LLP is a multi-practice law firm with more than 500 lawyers nationally. The firm provides corporate, litigation and regulatory legal services to leading businesses, governmental entities, nonprofit organizations and individuals throughout the nation and the world. The firm was founded in 1890.
About Parker, Hudson, Rainer & Dobbs LLP
Parker, Hudson, Rainer & Dobbs LLP is a mid-sized firm with an integrated collection of exceptional boutique practices in Alternative Dispute Resolution, Bankruptcy, Commercial Finance, Corporate and M&A, Employee Benefits/ ERISA, Employment and Civil Rights Litigation and Counseling, Health Industry, Litigation, Real Estate, and Tax. 2015 marks the firm's 34th year as a member of Atlanta's legal community. The firm now has over 70 attorneys serving clients from offices in Atlanta, Georgia and Tallahassee, Florida. We offer a full range of legal expertise in business matters in an environment that combines superior legal talent and work product with the advantages of excellent service, lower overhead, and efficient billing rates available through a mid-sized firm. www.phrd.com