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Early Bird Discount Ends Tomorrow.
Register Now! The Consumer Financial Protection Bureau, the Department of Justice and other regulators have stepped up their pursuit of fair lending violation, bringing more than a dozen actions and levying hundreds of millions of dollars in fines. And now the CFPB has proposed significantly expanding the data it collects under the Home Mortgage Disclosure Act, one of the primary tools used for sniffing out possible fair lending cases. The CFPB’s HMDA proposal would greatly expand the amount of data, number of reporters and risk associated with this crucial fair lending investigation tool. It would nearly double the data points that must be provided, including much more underwriting detail. It would expand the types of loans covered, adding reverse mortgages and home-equity lines of credit. It would require more reporting by nonbanks as any lender making 25 or more loans per year would have to file. And it would increase the frequency of reporting for the largest lenders, requiring them to file quarterly rather than annually. If you add in the expanded HMDA data collection and increased regulatory scrutiny to an already tight mortgage underwriting environment, the risk of running afoul of fair lending laws has never been greater. Learn what you can do to manage your fair lending risk at a new webinar from Inside Mortgage Finance. “Defusing Fair Lending Risk and the HMDA Data Expansion” will be held on Wednesday, Dec. 10, at 2:30 pm ET. You’ll hear from: - Melanie Brody, Partner, K&L Gates
- Marsha Courchane, Vice President and Practice Leader, Charles River Associates
- R. Colgate Selden, Counsel, Alston & Bird
- Warren Traiger, Counsel, BuckleySandler
During the 90-minute webinar, we’ll look into: - What do recent fair lending actions tell you about your potential risk?
- Does the use of tough underwriting expose you to fair lending charges?
- How is the HMDA data expansion likely to affect fair lending enforcement?
- What changes should you be making to systems, operations and staff training?
- What data analysis should you be conducting on your own?
- What data should you be looking at beyond what is required for HMDA reporting?
- If your own data analysis uncovers a potential problem, what can and should you do?
- What is the role of your compliance management system, consumer complaints and risk assessments?
- Should you also be monitoring for fair lending issues in your servicing business?
- What are the risks of reporting incorrect data?
Know your fair lending exposure and how to limit it.
Your Webinar registration includes these added benefits: - Webinar attendance for you and your entire team;
- A webinar manual with a program outline, speaker bios and presentations, and pertinent articles on the subject from Inside Mortgage Finance and our other newsletters;
- A full transcript, emailed to you when you take our post-conference survey; and
- The opportunity to connect with any or all of the speakers during the audience Q&A session—a favorite part of these events.
Cancel before 5:00 pm ET 12/8/14 for full refund less $25 fee. You will receive an email confirmation shortly after completing your registration. You may also contact us at (301) 951-1240. Two Ways to Register: 1. REGISTER ONLINE 2. REGISTER BY PHONE: Call Erika at 800-570-5744 or 301-951-1240. Our Customer Service representatives can answer any questions and register you in minutes. For one low rate you and your entire staff (in one room) can participate in this exclusive Inside Mortgage Finance webinar without ever having to leave your office. You'll come away with firsthand, actionable information. NOTE: Call for discounted rates for multiple sites.
What Is a Webinar?
It is a live event in which you listen to presenters either through your phone or through your computer while viewing their presentations online. Early Bird Ends Tomorrow.
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