Today’s Board Essentials Module 5: Fair Lending for Directors
Fair lending is the consistent, objective, unbiased treatment of all consumers without regard to any basis prohibited by law (i.e., race, color, religion, national origin, sex, age, marital status, etc.).
The law has long permitted the use of
disparate impact analysis to prove discrimination, which means that your credit
union can be found liable for discrimination even if there was no intent to
discriminate. Many credit unions have
reported that their regulators are using statistical analysis and unpublished
analytical formulas during fair lending exams, which have resulted in ‘false
positive’ findings of disparate treatment, thus requiring the affected institutions
to spend large amounts of time and money in disproving false fair lending
allegations. Learn more about today’s
regulatory environment and how your credit union can defend against disparate
impact and discrimination claims.
Approximately 45 minutes
NOTE: All materials are subject to copyright. Transmission, retransmission,
or republishing of any webinar to other institutions or those not employed by
your institution is prohibited. Print materials may be copied for eligible
participants only.
Presented By
Spencer Fane LLP
This Webinar Appears In
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