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Description:
With their geneses coming nearly six decades ago, the federal fair lending regulations – namely, the Equal Credit Opportunity Act (Regulation B) and the Fair Housing Act – continue to have a lasting impact on financial institutions at every stage of the lending lifecycle.
This webinar will serve as an introduction and overview of the applicable regulations that make up the collection of rules constituting the idea of “fair lending,” including the Equal Credit Opportunity Act (ECOA) as the primary rule, the Fair Housing Act (FHA), and the various governing interagency guidance. This will cover the regulatory scope, the types of discrimination for which a bank can be cited, a practical guide of exam considerations from the agencies themselves, and a look at some of the most recent fair lending trends and enforcement actions to better understand where regulators are turning their attention.
People Who Should Attend:
Board of Directors, Senior Management, Lending Staff (consumer and commercial), Compliance Officer/Staff, and any other staff who may be involved in any part of the fair lending lifecycle.
Presenter:
Brett Goodnack, JD, CAMS
Associate General Counsel
Brett Goodnack, JD, CAMS, serves as an Associate General Counsel for Compliance Hub. He graduated from Duquesne University (Kline) School of Law, achieving the William Arthur Hascall McKinney Award for Excellence in Law, and working in the Preliminary Hearings Division of the Allegheny County Office of the Public Defender. Brett earned a Bachelor of Science degree in Crime, Law, and Justice from Penn State University.
Brett brings with him over a decade of professional passion and practice in due diligence and risk mitigation in the financial services industry, having served as an advisor both consulting to and advocating on behalf of diverse financial institutions. Most recently, he acted as Associate Director for a multinational investment bank in their anti-money laundering and KYC regulatory space. Brett has a gamut of experience in the field of banking compliance, ranging from fiduciary and trust administration, to the foundational development of risk-based operating procedures and processes for governance consulting firms.