Program Overview: 

The CRA portion of the seminar gives employees a general overview including the purpose and importance of the regulation; the performance evaluation components; and public file requirements.

The FAIR LENDING portion of the seminar focuses on the regulatory requirements of the Equal Credit Opportunity Act and Fair Housing Act.  This includes a review of how fair lending concerns impact the application process, underwriting, marketing, CRA performance evaluations, civil and criminal liabilities, and the reputation of your institution.  Various types of lending discrimination are explained along with the consequences of violations and practical tips to avoid fair lending pitfalls; interagency exam procedures; and recent "hot topics" in fair lending.

What you will learn:

The purpose of CRA (Community Reinvestment Act)
Standards for evaluating financial institutions
What is a Performance Evaluation?
What does your bank's CRA rating mean?
What  should your bank's CRA public file include?
How do consumers comment on CRA performance?
Why is Fair Lending just good business?
What is disrimination?
What are the fair lending laws and discriminatory lending practices?
How do the examiners review your Fair Lending performance?
What are the current Fair Lending "hot buttons"?
How can you avoid Fair Lending "pitfalls"?
What is a standard Fair Lending policy?
What Fair Lending advice do the examiners give to consumers?

Who should attend:

All contact lending staff, loan officers and managers

Recommended time:
3 hours