The CFPB’s focus on Fair Lending increased substantially in 2017 and we can only imagine that 2018 will be more of the same. Small Business Lending, Mortgage and Student Loan Servicing, and Redlining have been some specific areas that have faced more scrutiny. What’s more, “redlining” isn’t your traditional redlining from the past. It now encompasses a bank’s REMA (Reasonably Expected Market Area). Your REMA is determined/defined by your regulators, not your bank! Loan pricing discretion is also another hot spot where fair lending issues are typically found and won’t be going away. Will your bank’s fair lending practices pass the test? You don’t want to miss the boat on regulatory expectations regarding fair lending compliance!
Be sure to join us for “Fair Lending” on January 30, 2018. This two-hour, video webinar, will discuss the Regulator Expectations, Fair Lending Hot Spots, Risk Assessments & Mitigation and much, much more!
Jerod Moyer explains more about Fair Lending below.
Deb joined Banker’s Compliance Consulting with twenty years of experience in the banking industry. Her past positions include teller, credit review analyst, assistant financial officer, BSA Officer, Compliance Officer, and Director of Compliance. She has worked for both a small community bank and a large billion-dollar bank.
Deb has Associate Degrees in Business Management and Accounting. She is a graduate of the American Bankers Association National Graduate School of Compliance Management, an honors graduate of Schools of Banking Compliance School, and a graduate of Schools of Banking Advanced School of Banking. Deb’s considerable knowledge and experience make her a valuable member of the Banker’s Compliance Consulting Team. Deb is a Certified Regulatory Compliance Manager (CRCM) and a Certified Anti Money-Laundering Specialist (CAMS).
Deb loves to spend her free time cycling, running, kayaking and weight lifting with her husband. Between them, they have three adult children and six grandchildren. Other interests include anything outdoors and anything she hasn’t done or seen yet!