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    Equal Credit Opportunity Act (Regulation B) Compliance

    Thursday, June 28, 2018 - 11:00 AM - 12:30 PM ET
    $149.00
    *
    This session will teach you how to hit that ECOA bullseye. Learn to fire arrows to nail the Reg B target with attorneys who have the knowledge, experience, as well as a U.S. Supreme Court affirmation on this important topic. We will provide practical tips and tools to ensure you nail the target. Join us for engaging play-by-play information on ECOA and the latest trends in Regulation B.

    This is a rebroadcast of a session that was recorded in November 2016. 

    Overview

    Bonus Supplement: When you register for this session, you will receive a Sample Addendum to Guaranty, which can be tailored to your financial institution's contractual needs and lending documents.    

    The rules for Regulation B have been updated -- a new target is flying overhead. Are you and your team prepared for the changes? 

    In the past 2.5 months, several events related to the Equal Credit Opportunity Act have occurred, including:

    • 30 August. CFPB Director Richard Cordray's announced that the ECOA and Reg B prohibit credit discrimination based on gender identity and sexual orientation
    • 28 September. Acting on a referral from the Federal Deposit Insurance Corporation (FDIC), the Department of Justice (DOJ) pursued a case against Charter Bank, asserting the FI violated the ECOA by discriminating based on national origin when making vehicle-secured loans. To settle the suit, the bank agreed to pay $165,820 as monetary damages for affected borrowers, provide ECOA training to bank employees, and display a notice of nondiscrimination.
    • 29 September. The CFPB published an Approval Action that provides a safe harborunder the ECOA and Reg B for lenders who use the revised Uniform Residential Loan Application (URLA) form issued by Fannie Mae and Freddie Mac in August 2016. The Agency states that it has “determined that the relevant language in the 2016 URLA is in compliance with” Reg B’s requirements for whether, and how, a creditor may seek information about an applicant’s race, color, religion, national origin, sex, marital status, and income sources, and information about an applicant’s spouse or former spouse.
      • This Approval Action also offers flexibility for lenders who must collect and report information about mortgage applicants’ ethnicity and race under the Home Mortgage Disclosure Act (HMDA), implemented by Regulation C

    This session will teach you how to hit that ECOA bullseye. Learn to fire arrows to nail the Reg B target with attorneys who have the knowledge, experience, as well as a U.S. Supreme Court affirmation on this important topic. 

    We will provide practical tips and tools to ensure you nail the target. Join us for engaging play-by-play information on ECOA and the latest trends in Regulation B. 

    Covered Topics

    Topics to be covered include amendments, potential problems now and in the future and how to fix them, enforcement by the CFBP, Justice Department, and the FDIC (interviewed recently), private causes of action updates, and more.

    • An Overview of the Statute and Regulation 
    • Problem Areas, including: Redlining, Disparate Treatment, Guarantors, Spousal Guarantors, and ECOA's application to the LGBT community.  
    • Learn How to Find Your Problems Before Regulators Do and Take Action to Solve Them
    • Discussion of Loan Documents and Addedum
    • The U.S. Supreme Court, including: Issues Argued, Effect on Federal Courts, Effect on State Courts, How the Courts are Reacting to the Supreme Court's Decision in Hawkins
    •  Administrative Enforcement & Private Actions 

    Who Should Attend 

    This informative session is a must for compliance officers, operations personnel, loan officers or sales personnel, and branch managers, and others responsible for the credit underwriting process. 

    This session is a cost-effective way to help minimize credit discrimination and maximize compliance. You may train as many individuals as you like for one set price. There will be no travel costs or time lost from work, and no one will be required to leave your institution.

    Products specifications
    CE Credits 2.5
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    This is a rebroadcast of a session that was recorded in November 2016. 

    Overview

    Bonus Supplement: When you register for this session, you will receive a Sample Addendum to Guaranty, which can be tailored to your financial institution's contractual needs and lending documents.    

    The rules for Regulation B have been updated -- a new target is flying overhead. Are you and your team prepared for the changes? 

    In the past 2.5 months, several events related to the Equal Credit Opportunity Act have occurred, including:

    • 30 August. CFPB Director Richard Cordray's announced that the ECOA and Reg B prohibit credit discrimination based on gender identity and sexual orientation
    • 28 September. Acting on a referral from the Federal Deposit Insurance Corporation (FDIC), the Department of Justice (DOJ) pursued a case against Charter Bank, asserting the FI violated the ECOA by discriminating based on national origin when making vehicle-secured loans. To settle the suit, the bank agreed to pay $165,820 as monetary damages for affected borrowers, provide ECOA training to bank employees, and display a notice of nondiscrimination.
    • 29 September. The CFPB published an Approval Action that provides a safe harborunder the ECOA and Reg B for lenders who use the revised Uniform Residential Loan Application (URLA) form issued by Fannie Mae and Freddie Mac in August 2016. The Agency states that it has “determined that the relevant language in the 2016 URLA is in compliance with” Reg B’s requirements for whether, and how, a creditor may seek information about an applicant’s race, color, religion, national origin, sex, marital status, and income sources, and information about an applicant’s spouse or former spouse.
      • This Approval Action also offers flexibility for lenders who must collect and report information about mortgage applicants’ ethnicity and race under the Home Mortgage Disclosure Act (HMDA), implemented by Regulation C

    This session will teach you how to hit that ECOA bullseye. Learn to fire arrows to nail the Reg B target with attorneys who have the knowledge, experience, as well as a U.S. Supreme Court affirmation on this important topic. 

    We will provide practical tips and tools to ensure you nail the target. Join us for engaging play-by-play information on ECOA and the latest trends in Regulation B. 

    Covered Topics

    Topics to be covered include amendments, potential problems now and in the future and how to fix them, enforcement by the CFBP, Justice Department, and the FDIC (interviewed recently), private causes of action updates, and more.

    • An Overview of the Statute and Regulation 
    • Problem Areas, including: Redlining, Disparate Treatment, Guarantors, Spousal Guarantors, and ECOA's application to the LGBT community.  
    • Learn How to Find Your Problems Before Regulators Do and Take Action to Solve Them
    • Discussion of Loan Documents and Addedum
    • The U.S. Supreme Court, including: Issues Argued, Effect on Federal Courts, Effect on State Courts, How the Courts are Reacting to the Supreme Court's Decision in Hawkins
    •  Administrative Enforcement & Private Actions 

    Who Should Attend 

    This informative session is a must for compliance officers, operations personnel, loan officers or sales personnel, and branch managers, and others responsible for the credit underwriting process. 

    This session is a cost-effective way to help minimize credit discrimination and maximize compliance. You may train as many individuals as you like for one set price. There will be no travel costs or time lost from work, and no one will be required to leave your institution.

    Products specifications
    CE Credits 2.5
    Presenters:

    Thomas Stahl

    "There's a lot of good you can do for people." That's the philosophy Tom Stahl, Partner, Lathrop & Gage, LLP, practices every day. With a father that worked at the same bank from the day he graduated college to his retirement, Tom grew up in a banking family and the industry. It was while attending St. Louis University on a soccer scholarship that Tom elected to study law and upon graduation and passing the bar, decided he wanted to primarily work with entrepreneurs. In his 40+-year career, Tom has worked with numerous banks on the brink of closing and laying off employees, counseling them to be proactive, solving their problems, and helping them meet their agreements with regulatory agencies. What Tom brings to the table and provides him with a unique perspective is that his expertise covers litigation, banking and regulatory day-to-day work – he does it all. Tom is well-versed in Regulation B with helping banks prevent bad examples and serving as a bridge between the banks and the regulators. Tom has always stayed true to his mission of "I like my clients and I practice for them."

    ,

    Greer Lang

    In high school and college Greer Lang, Partner, Lathrop & Gage, LLP, was a competitive runner. And the mental grit, endurance and will to finish that she put into running half-marathons and marathons have paid off throughout her career. Flash forward 27 years, and using the same drive and focus when she started, Greer has built a diverse book of business that includes a variety of clients. Known for her workhorse mentality, Greer excels at investing time to thoroughly review and analyze a situation, and "finding the needle in the haystack" that turns the tide for her clients. As a business litigator, Greer handles cases that always involve an interesting story, and she stays true to the businesses she represents that are made up of people that entrust their problems with and rely on her for sound counsel. She handles breach of contract matters, partnership disputes, disputes involving covenants not to compete and other restrictive covenants, loan enforcement and lender liability actions, construction matters, insurance coverage disputes, regulatory matters, trusts, business torts and professional liability matters. As part of the webinar, Greer will share her experience in successfully representing a community bank before the trial court, and on appeal before the 8th Circuit and the U.S. Supreme Court, to invalidate Regulation B's purported expansion of the ECOA's protections to guarantors. Greer's ongoing success is attributed to her philosophy of "I fight for clients that have been wronged. I never give up. Ever."