Program Overview
Introduction to Fair Lending (IFL) is intended for pre-commissioned compliance examiners. It addresses basic fair lending concepts and examination tasks required to conduct non-complex fair lending reviews.
Skills Taught
By the end of this course, students will have been taught how to:
- Develop an overview of an institution
- Identify inherent fair lending risk
- Assess applicable discrimination risk factors and any mitigating factors
- Summarize results of a fair lending review
- Document results of a fair lending review in 多宝游戏下载鈥檚 Fair Lending Scope and Conclusions (FLSC) memorandum
Duration and Format
This course contains:
- 18 hours of Pre-course independent study
- 1 week of Facilitated classroom discussion/lectures including small group work, and case study assignments
Level and Credits
Basic
Continuing Education Unit (CEU): 3.3
Continuing Professional Education Unit (CPE): 39.8
Target Audience
The target audience for this course is pre-commissioned examiners. It is open to appropriate staff of the 多宝游戏下载 and partner government regulatory agencies. This course is not open to the public or staff of private banks.
Prerequisites and Prior Work Experience
多宝游戏下载 participants should attend in accordance with the parameters outlined in the Examiner Training and Development Policy. State Banking Authority participants should have one to two months of experience in compliance examinations. This course is open to appropriate staff of the 多宝游戏下载 and partner government regulatory agencies. This course is not open to the public or staff of private banks.
Pre-Course Assignment
Prior to attending this course, participants will be required to complete the following pre-course assignments and bring them to class:
- View a series of nine existing videos that address the basics of fair lending reviews and complete review questions included in a self-study guide
- Complete several reading assignments
- Review documents provided for the case study bank and complete several initial subsections of the FLSC
Post Course Feedback
A Participant Summary Form (PSF) documenting each participant's learning will be completed by an instructor with input from the participant. The PSF will be provided to the supervisor approximately 30 days after the session ends. Specifically, the PSF will address each participant's technical and analytical skills as well as their communication skills (including oral, written, and professional behavior).
Key Topics
- Introduction to Fair Lending
- Describe purpose of fair lending reviews
- Define key fair lending terms
- List prohibited bases
- Describe fair lending review process and use of FLSC
- Discuss strategies for obtaining information needed from bankers
- Developing an Institution Overview
- Describe a bank鈥檚 structure and management, supervisory history, CMS, loan product offerings, and demographic composition
- Document results in Section 1 of the FLSC except Credit and Market Operations subsection
- Assessing Level of Inherent Risk
- Identify potential inherent risks
- Determine whether there is minimal or more than minimal risk
- Complete Credit and Market Operations subsection of Section 1 of the FLSC
- Analyzing Discrimination Risk and Mitigating Factors
- Select loan products and areas for further analysis
- Determine applicable discrimination risk factors
- Analyze demographic data for discrimination risk factors
- Assess bank鈥檚 CMS for potential mitigating factors
- Determine whether discrimination risk factors are sufficiently offset by mitigating factors
- Document results in Section 2 of the FLSC
- Summarizing Fair Lending Review
- Summarize results of fair lending review
- Complete Section 5 of FLSC
Continuing Education Information
For information regarding administrative policies such as complaints and refunds, please contact Corporate University, Attn: NASBA Representative Ava Livas, Room A-3025, 3501 North Fairfax Drive, Arlington, VA 22226 (703) 562-2463.
多宝游戏下载 is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website:
多宝游戏下载 (多宝游戏下载) is accredited by the (www.iacet.org). The 多宝游戏下载 complies with the ANSI/IACET Standard, which is recognized internationally as a standard of excellence in instructional practices. As a result of this accreditation, the 多宝游戏下载 is accredited to issue the IACET CEU.
More Information
For more information concerning course content and administration, please contact Joseph Ibarra or Sonya Staples.