Equal Credit Opportunity Act / Regulation B – Adverse Action
$250.00
Before declining that credit transaction, it is critical to understand the reasons behind that turn-down. Join us as we dive into the regulatory requirements for adverse actions under Regulation B (ECOA), to mitigate ECOA, FCRA, UDAAP and fair lending risks.
Description
During the Equal Credit Opportunity Act/Regulation B – Adverse Action webinar, we will discuss the following topics:
- Applicability
- Notification rules:
- For an incomplete application
- For a completed transaction
- During servicing
- Detailed review of model adverse action notice forms, including reasons for denial
- Brief overview of the Fair Credit Reporting Act adverse action rule to fully understand the Adverse Action notice
Duration: 2 hours
Level: The webinar is at a basic/intermediate level.
Prerequisites: None
Audience: This program is intended for:
- Financial institution compliance and risk executives and officers, as well as any member of the institution where knowledge or understanding of the Equal Credit Opportunity Act, Regulation B, and fair lending is important or helpful, including loan officers and loan processors.
- Examiners and third-party consultants, auditors, and related companies.
Delivery Method: On-Demand/Virtual
Materials: PowerPoint presentation
