[PDF] Practical Handbook On Fair Lending For Bank Directors Executive Officers eBook

Author : Lori Sommerfield
Publisher : Independently Published
Page : 0 pages
File Size : 20,75 MB
Release : 2023-06-15
Category :
ISBN :

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Although the concept of fair lending has existed since the late 1960s, over the past decade the banking industry has witnessed a dramatic shift in the regulatory landscape for enforcement of the federal fair lending laws. Non-compliance with fair lending laws - as well as allegations that a bank's lending practices are discriminatory - can damage a bank's reputation, lead to regulatory and litigation risks, and be costly to defend. As a bank director or executive officer, you need to be engaged in providing effective oversight for your bank's fair lending risk management efforts. That does not mean that you need to learn all of the technical details of fair lending, but you should have or gain a basic understanding of fair lending as well as an understanding of the role of the board of directors and executive management in overseeing your bank's efforts to comply with the fair lending laws. That is the objective of this book. We also strongly recommend that your chief compliance officer and fair lending officer read the book in its entirety.

Author : Catherine A. Ghiglieri
Publisher : Outskirts Press
Page : 98 pages
File Size : 48,45 MB
Release : 2015-10-18
Category : Business & Economics
ISBN : 9781478763758

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The Ultimate Guide for Bank Directors, Revised Edition is written by two former bank regulators and provides bank directors a roadmap for navigating the challenges facing the banking industry today. It is a fast-paced reference guide for understanding the duties and responsibilities of bank directors, including up-to-date information on such topics as Basel III, the Consumer Financial Protection Bureau, cybersecurity and risk management. This book provides a wealth of insight and best practices gleaned from the authors' many years of regulating banks, and contains practical advice, including how to spot red flags in board reports and when to ask questions of bank management. The book provides background on the history of banking and its regulators, including the FDIC, the Federal Reserve, the Comptroller of the Currency, the Consumer Financial Protection Bureau, and state banking departments. It gives valuable insight into how regulators arrive at bank ratings and what they review during bank examinations. The book outlines how to select directors, the formation of board committees and important policies every bank should have. It also details the duties of bank directors, such as the duty of care, the duty of loyalty and the business judgment rule. When banks encounter difficulties, directors can turn to this book for advice on how to work with regulators and address potential enforcement actions. The book also gives an overview of the important consumer compliance laws, including the Bank Secrecy Act, Truth in Lending and Fair Lending laws. This is required reading for all new board members or individuals aspiring to become bank directors. It is also a perfect tool for seasoned directors who need a refresher course on banking and corporate governance. About the Authors: Catherine Ghiglieri is the former Texas Banking Commissioner, where she regulated state banks in Texas. Ms. Ghiglieri also spent 18 years at the Office of the Comptroller of the Currency re

Author : Clark R. Abrahams
Publisher : John Wiley & Sons
Page : 356 pages
File Size : 19,60 MB
Release : 2008-03-14
Category : Business & Economics
ISBN : 9780470241899

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Praise for Fair Lending ComplianceIntelligence and Implications for Credit Risk Management "Brilliant and informative. An in-depth look at innovative approaches to credit risk management written by industry practitioners. This publication will serve as an essential reference text for those who wish to make credit accessible to underserved consumers. It is comprehensive and clearly written." --The Honorable Rodney E. Hood "Abrahams and Zhang's timely treatise is a must-read for all those interested in the critical role of credit in the economy. They ably explore the intersection of credit access and credit risk, suggesting a hybrid approach of human judgment and computer models as the necessary path to balanced and fair lending. In an environment of rapidly changing consumer demographics, as well as regulatory reform initiatives, this book suggests new analytical models by which to provide credit to ensure compliance and to manage enterprise risk." --Frank A. Hirsch Jr., Nelson Mullins Riley & Scarborough LLP Financial Services Attorney and former general counsel for Centura Banks, Inc. "This book tackles head on the market failures that our current risk management systems need to address. Not only do Abrahams and Zhang adeptly articulate why we can and should improve our systems, they provide the analytic evidence, and the steps toward implementations. Fair Lending Compliance fills a much-needed gap in the field. If implemented systematically, this thought leadership will lead to improvements in fair lending practices for all Americans." --Alyssa Stewart Lee, Deputy Director, Urban Markets Initiative The Brookings Institution "[Fair Lending Compliance]...provides a unique blend of qualitative and quantitative guidance to two kinds of financial institutions: those that just need a little help in staying on the right side of complex fair housing regulations; and those that aspire to industry leadership in profitably and responsibly serving the unmet credit needs of diverse businesses and consumers in America's emerging domestic markets." --Michael A. Stegman, PhD, The John D. and Catherine T. MacArthur Foundation, Duncan MacRae '09 and Rebecca Kyle MacRae Professor of Public Policy Emeritus, University of North Carolina at Chapel Hill

Author : National Administration
Publisher : Createspace Independent Publishing Platform
Page : 56 pages
File Size : 10,3 MB
Release : 2018-03-08
Category :
ISBN : 9781986315531

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This guide, "Office of Consumer Financial Protection and Access Fair Lending Guide," is intended for use by a credit union's board of directors and management, compliance officers, and others having responsibility for fair lending compliance as part of their duties. While the guide covers federal fair lending laws and regulations that affect federal credit unions, it does not address all federal consumer protection laws or any state laws. This fair lending guide is divided into five sections: * Overviews - provide a brief description of what is covered in each fair lending law and regulation, what the regulations require of credit unions, and some potential risks; * Operational requirements - denote specific requirements covered in each fair lending law and regulation and possible administrative actions for noncompliance; * Review Considerations - contain various areas management should consider when evaluating fair lending compliance issues or developing compliance policies; * Checklists - can be used to test compliance with the various fair lending laws and regulations, or as a starting point in developing a policy for compliance with the various regulations. The questions are written so that a "yes" answer indicates compliance with the regulation, and a "no" answer indicates a potential problem area; * Definitions - defines terms used in the narrative sections of this guide as well as terms used in each fair lending law and regulation.

Author : American Bar Association. House of Delegates
Publisher : American Bar Association
Page : 216 pages
File Size : 17,48 MB
Release : 2007
Category : Law
ISBN : 9781590318737

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The Model Rules of Professional Conduct provides an up-to-date resource for information on legal ethics. Federal, state and local courts in all jurisdictions look to the Rules for guidance in solving lawyer malpractice cases, disciplinary actions, disqualification issues, sanctions questions and much more. In this volume, black-letter Rules of Professional Conduct are followed by numbered Comments that explain each Rule's purpose and provide suggestions for its practical application. The Rules will help you identify proper conduct in a variety of given situations, review those instances where discretionary action is possible, and define the nature of the relationship between you and your clients, colleagues and the courts.

Author : Vincent Muro
Publisher : AMACOM/American Management Association
Page : 668 pages
File Size : 49,52 MB
Release : 1998
Category : Business & Economics
ISBN : 9780814403990

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A handbook for professionals in business and industry illustrating the integrated hands-on applications of a range of financial techniques to twenty typical business situations, as well as introducing new techniques for financial analysis where traditional tools are lacking.