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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Regulation B is a complex rule. It can be hard to read and has many requirements, that if missed, can result in consequences such as fines, penalties, and examiner criticism. Unfortunately, Regulation B is an important regulation to fully understand as it is a fair lending topic.
We believe that fair lending is, and will continue to be, not only one of the highest-risk regulations, but also one of the most complex rules for lenders to comply with. Simple mistakes can get your organization into big trouble, so it is important to understand the nuances of fair lending requirements - especially Regulation B.
Our 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. (See below for the full curriculum of what is covered in our Regulation B Compliance Class.)
This program includes 4 different videos and runs just over 3 hours long. Among other things, our instructor provides a number of fair lending examples, offers tips to reduce fair lending risk, and even provides a bit of fun to an often-times boring topic.
Also included with this program is a downloadable training manual (PDF) that can be used as a reference tool long after attending the program.
While we present this program in a way that those new to fair lending and Regulation B can easily follow along, seasoned lenders and experienced compliance professionals would also benefit from our deep dive into Regulation B as we provide plenty of examples and review many somewhat complex topics that could affect every organization. Specifically, this program 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 or Regulation B violations could occur - which is almost anywhere in the loan world.
Regular Price: $349 Note: Check out our Fair Lending Bootcamp for a more comprehensive class on fair lending, as this Reg B program is included as part of that program.
Multiple attendee discounts are available upon request. Email us or contact us here.
NOTE: 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 work something out.
Adam Witmer is Founder and CEO of Compliance Cohort, LLC where he writes articles and teaches on all compliance topics. Having taught hundreds of times to thousands of bankers throughout the country, Adam takes 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. Adam has 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. A Certified Regulatory Compliance Manager (CRCM) through the American Bankers Association, Adam earned his bachelor's degree at Taylor University and his MBA at Indiana Tech. He currently resides in Northern Indiana with his wife and three children - and their dog, Queso.
The class is presented in 4 different videos and provides you with everything you need to know about Regulation B. The total time of video instruction in this program is just over 3 hours.
The Regulation B Compliance Class includes a comprehensive training manuals which can be used as a reference tool long after attending the program.
Video 1
Intro to Regulation B
Definitions & exceptions
General rules
Video 2
Rules for requesting info, evaluating apps, and extending credit
Video 3
Notification requirements
Information for monitoring purposes
Video 4
Rules on providing appraisals and other valuations
Self testing and record retention
This Compliance Class provides you with a deep dive into the Regulation B requirements for financial institutions.
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)
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 now 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.
