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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Welcome to the Compliance Cohort where we offer six different online Fair Lending training programs to meet your needs. Each of our fair lending training programs is delivered with our “virtual classroom” approach where an instructor is seen presenting a training seminar in front of slides, just like you would experience in a live, in-person seminar.
The first online fair lending training seminar we offer is called Fair Lending Bootcamp. The Fair Lending Bootcamp is designed to provide attendees with a deep dive into the world of fair lending. The program starts out with an introduction to fair lending where attendees get a history of fair lending and understand the three types of discrimination recognized by the courts. After this, attendees take a deep dive into Regulation B and then take a look as some of the applicable aspects of the Fair Housing Act, including the Fair Housing Poster, advertising requirements, and redlining. The program then concludes with a review of fair lending risk indicators and even discusses a few fair lending hot topics.
Click here to learn more about our Fair Lending video training seminar.
The second online fair lending training seminar we have available is one of our premium training, the Fair Lending for Lenders. The Fair Lending for Lenders is designed to provide lenders with critical fair lending information pertaining to their role. Taught by a former lender and processor, the program starts out with an introduction to fair lending where attendees get an overview of fair lending, Reg B, and the Fair Housing Act. The three types of discrimination recognized by the courts and potential consequences are also discussed. After this, attendees dive into Regulation B taking a look at discrimination prohibitions and applying how that looks from the process from taking information, evaluating applications, and then to the extension of credit. The program then concludes with a review of fair lending risk indicators in overt evidence, underwriting, pricing, and steering.
This program is a great way to provide comprehensive fair lending training to your lending team in less than two hours and without boring them to death. Plus, we make delivering this training to your team easy with two options:
You can download all 3 videos and disburse them in a way that works for you; or
We can set you up with a private page on our website for all of your lenders to access and view the program.
Click here to learn more about our Fair Lending for Lenders video training seminar.
The third online fair lending training seminar offered by the Compliance Cohort is the Fair Lending Training for the Board of Directors. We understand that directors need higher level training that identifies key points and avoids getting too detailed. Therefore, our Fair Lending Training for Board of Directors is designed to provide a overview of Fair Lending risks from the perspective of what a Director needs to know in order to have appropriate oversight of this high-risk area. Plus, our training is designed to be delivered to the Board in just over 20 minutes.
Click here to learn more about our Fair Lending Training for Board of Directors.
Our fourth online fair lending training seminar is our Fair Lending Hot Topics. The Fair Lending Hot Topics program covers recent fair lending issues, trends, and concerns and takes a deep dive into the world of fair lending. For this program, our presenter has identified six main topics of discussion in this hour and a half program.
The fifth online fair lending training seminar we have available is the Disparate Impact. The Disparate Impact training program is designed to take a deep dive into the complicated fair lending topic of disparate impact. The program will begin with a review of the three types of discrimination recognized by the courts and explain the difference of each. Next, the 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, the 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.
Click here to learn more about our Disparate Impact video training seminar.
The last online fair lending training seminar we have in our store is the Regulation B Training. The Regulation B Compliance Class is designed to provide attendees with a deep dive into the requirements of Regulation B. The program follows the regulation, but does so in an easy-to-understand format as we have taken the applicable parts of the regulation (and commentary) and put it into a manual that is easy to read and follow along. As is the case with Regulation B, this program focuses on the discrimination prohibitions of Regulation B (including defining who is a protected class applicant), incentives for self testing, government monitoring (GMI) requirements, Adverse Action requirements, and appraisal delivery requirements.
Click here to learn more about our Regulation B video training seminar.
