Nervous about Fair Lending? Maybe you should be.
Today the “Fair Lending” laws are being enforced more vigorously than ever.
During the first two years of the Obama Administration there have been 60 Fair Lending referrals to the Department of Justice. During President Clinton’s eight years only 16 cases were referred to the DOJ and during President Bush’s two terms only 9 Fair Lending referrals were sent to the DOJ.
Fair Lending penalties can be very expensive too. One California Bank defended 5 potential violations at a cost of $6 million!
Examiners are expecting banks to conduct their own Fair Lending Risk Assessments. Knowledge of Fair Lending principles is more important than ever.
- What should you know about Fair Lending?
- What 3 types of discrimination are defin
- What are the Fair Lending Tests?
- What should you do to prepare for a Fair Lending Exam?
- What are the latest developments in Fair Lending issues?
ed under Fair Lending?
Find out the answers to these questions and more by attending the GeoDataVision Fair Lending Webinar on August 4th. Hear Fair Lending expert Rocky Pizzarello, CRCM, CRP, CIA, explain the complexities of Fair Lending issues and ask him questions pertinent to your institution.
Mr. Pizzarello has more than 35 years in banking and compliance experience. He is a former bank examiner who has had experience in many Fair Lending exams including a comparative file review during a DOJ investigation.
This webinar marks the expansion of GeoDataVision Fair Lending services to include on site evaluation in addition to our Fair Lending Analysis Reports. We are celebrating the success of our Fair Lending services with a special offer of only $225 ($150 for "early birds" who sign up by July 29) to participate in this valuable webinar to help you improve your Fair Lending knowledge and skills.
The webinar will be broadcast on Wednesday, Aug 4ht at 2 pm east coast time.
