Description
Avoid the traps and gain practical tips and tools to comply with legal requirements.Fair lending is serious business. Learn from two industry experts about the federal Equal Credit Opportunity Act (ECOA), the Fair Housing Act, and other laws and regulations mandating fair and responsible lending and nondiscrimination. This topic will provide a general overview of not just the core legal requirements but also the traps for the unwary, as well as practical tips and tools to comply with those laws. Topics likewise include recent significant appellate cases, predictions about enforcement activity by the Consumer Financial Protection Bureau (CFPB), the Department of Justice, and by prudential regulators, as well as the tools available to the plaintiffs’ bar. Receive relevant insights on what’s coming around the corner, and tips on how to keep one step ahead. Don’t miss it
Date: 2021-09-08 Start Time: End Time:
Learning Objectives
Overview of Federal Fair Lending Laws
• ECOA/Regulation B (Broader)
• Fair Housing Act (Narrower: Mainly Mortgage Loans)
• Community Reinvestment Act
• Home Mortgage Disclosure Act
Overview of ECOA and Regulation B
• Core Statutory Provisions (With FHA Comparison)
• Key Regulations (Reg B)
• Types of Discrimination
• HUD Disparate Impact Rule
• Supervision, Enforcement, and Litigation Provisions
Complying With Fair Lending Laws
• Advertising and Marketing
• Underwriting Policies
• Loan Documents
• Adverse Action
• Record Gathering, Recordkeeping, and Reporting
• Self-Testing
• Fair Servicing
Government Enforcement
• CFPB
• Department of Justice
• Banking Regulators/HUD
• Other Agencies
Consumer Litigation
• Private Right of Action
• Limitations Periods
• Liability
Key Supreme Court Rulings
• Texas Dept. of Housing and Community Affairs v. Inclusive Communities Project (SCOTUS 2015)
• Hawkins v. Community Bank of Raymore (8Th Cir. 2014), Aff’d by Equally Divided Court (SCOTUS 2016)
• Bostock v. Clayton County (SCOTUS 2020) (LGBTQ Protections Under Title VII)
CLE (Please check the Detailed Credit Information page for states that have already been approved) ,Additional credit may be available upon request. Contact Lorman at 866-352-9540 for further information.
Richard E. Gottlieb-Manatt, Phelps & Phillips, LLP, Joseph Reilly – Manatt, Phelps & Phillips, LLP
