Welcome to the Compliance Cohort. We are a group of compliance professionals working to make compliance easier. Our goal is to take complex compliance concepts and put them in simple terms that apply to the real world. We are glad you have found us and look forward to collaborating in the future.
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Fair lending continues to be one of the highest risk areas for financial institutions due to the challenging and complicated expectations of the regulators. Sure, the courts have long recognized three types of discrimination: Overt evidence of disparate treatment, comparative evidence of disparate treatment, and disparate impact. But while the two types of disparate treatment are pretty straightforward, understanding disparate impact has been challenging for a number of reasons. First, the topic is actually quite complicated when considering all of the nuances involved. Secondly, the guidance for disparate impact has been somewhat of a moving target as things have changed a bit over the last two decades. Therefore, it is important for financial institutions to have a strong understanding of disparate impact and how it can affect your organization.
Our disparate impact training program is designed to take a deep dive into the complicated fair lending topic of disparate impact. Our program will begin with a review of the three types of discrimination recognized by the courts and explain the difference of each. Next, our program will discuss what some of the regulators currently say about disparate impact before discussing the history of the topic and the conflict that financial institutions often now have. Next, our program will discuss the current stance from HUD as well as what the CFPB appears to be doing, before reviewing a number of examples of disparate impact that you can use as examples of what to look for in your organization. And of course, we conclude the program with a number of risk mitigations strategies for you to consider using in your shop.
Our Disparate Impact class would be beneficial for compliance officers and compliance analysts, loan managers, loan officers, loan processors, risk managers, auditors, corporate trainers, mortgage company lenders, and those responsible for any areas where fair lending violations could occur - which is almost anywhere.
2.0 CRCM, CERP, credits. ABA Professional Certifications is dedicated to promoting the highest standards of performance and ethics within the financial services industry. The Disparate Impact training program has been approved for 2.0 CRCM, CERP credits. This statement is not an endorsement of this program or its sponsor. Certification holders must report these credits at aba.csod.com.
Regular Price: $349
BUNDLED PRICE: Get the Disparate Impact class with our Fair Lending Bootcamp and save $200 (based on the regular price for each class). Our Fair Lending Bootcamp (priced at $499) is designed to provide attendees with a deep dive into the world of fair lending while the Disparate Impact class focuses on one of the three types of discrimination. Click here to view the full curriculum of our Fair Lending Bootcamp.
Demo Available: If you would like to demo this class before you purchase it to make sure it's what you are looking for, just let us know and we can set you up with preview access.
The program is divided into 3 videos and the total teaching time is 1 hour and 30 minutes.
The following topics will be covered in this program:
Video 1 (28 minutes)
The three types of discrimination
What regulators say about disparate impact
Video 2 (19 minutes)
The disparate impact conflict
The HUD rule
Video 3 (46 minutes)
Examples of disparate impact
The CFPB’s approach
Risk mitigation strategies
This Compliance Class can be completed without leaving your office and provides you with everything you need to know about what compliance related activity took place during the prior quarter.
The class includes the following:
A comprehensive manual
A “virtual classroom” instructional video
60-day access to the class
Certificate of completion (1 per registration - available upon request/5 per registration for the +unlimited attendees option)
All of our Compliance Classes are presented in our virtual classroom approach. This approach is designed to bring the presenter to you (at a fraction of the cost of having a live person) and includes a video of the presenter in front of a slide presentation that replicates a typical seminar environment. In addition, our presenters take a three-part approach to compliance instruction: to educate, to empower, and to entertain. This is achieved by focusing on relevant topics, speaking in simple to understand, layman's terms, and by keeping it light and humorous whenever possible. We have found that this "3-E" approach allow students to learn as quickly and effectively as possible. And, it adds a little bit of fun to an otherwise dreadful topic.
Certificates of completion are available upon request. One certificate is available per registration.
When you purchase this compliance class, you get instant access to the online version of this class for 60 days. You will also receive an electronic version of the accompanying manual to keep.
We believe in our training products so much that we are offering a 100% money back guarantee within the first 10 business days after purchase. If you do not feel that you received the value promised for this training session, contact us within the first 10 business days after purchase and we will either make things right or provide 100% of the purchase price back to you.
