Fair Lending School
addresses the two fair lending statutes (Equal Credit Opportunity Act and
Fair Housing Act) and how to conduct a fair lending examination using the
Interagency Fair Lending Examination Procedures.
The course consists of lessons, group exercises, and a case study that takes
the students through a fair lending examination step by step, including the
creation and presentation of a fair lending memorandum. Participants
actively take part in group case studies and other classroom activities.
The pre-course learning activities are critical to the
completion of the course and must be submitted prior to attendance.
Upon completion of this course, participants will be able to:
- Risk scope the underwriting, steering, pricing, redlining, and marketing portions of a fair lending review
- Apply the risk scoping guidelines
- Determine the focal point (product, market, decision center, and target/controls groups, otherwise known as PMCG) based on the risk profile analysis
- Conduct a comparative file analysis using benchmarks and overlaps
- Evaluate management's responses to apparent differences in treatment
- Conduct a fair lending examination for a small institution
- Write a Fair Lending Scoping and Conclusions Memo
This school is a one-week course.
This course is designed for
pre-commissioned compliance examiners who generally have 18
months of experience in compliance examinations.
The pre-commissioned examiner must complete the following before attending Fair Lending School:
- Reviewed Regulation B and Staff Commentary
- Reviewed 24CFR Part 100 Subpart C (100.110 -100.135) HUD’s Implementing Regulation
- Reviewed Part 338 of the FDIC Rules and Regulations – Fair Housing
- Reviewed the Interagency Fair Lending Examination Procedures
- Reviewed the Interagency Policy Statement on Discrimination in Lending
- Participated in a Fair Lending Examination, including assisting in conducting interviews and preparing schedules and memo.
Participants should also be familiar with the “Equal Credit Opportunity Act (ECOA) and Fair Housing Act (FHA)” lesson plan of the DCP Compliance On-the-Job Training (OJT) Manual.
Participants should have a working knowledge of Microsoft Excel.
Prior to attending the Fair Lending School, participants must complete two Regulation B Computer Based Instruction Tutorials, six Excel Skilsoft courses, and watch the video “Theories and Elements and Standards of Proof."
The Division of Depositor and Consumer Protection (DCP) has authorized 9 hours of official time to complete the pre-course assignment.
Participants are required to bring a laptop
to the session.
Participants should be scheduled to conduct a fair lending examination as
soon as possible, but no later than three months after completing this
course to reinforce the skills learned from this session.
A Summary Evaluation Form, which provides a comprehensive
analysis of the participant's in-class and project exercises, is sent to the
participant's field office approximately thirty days after the conclusion of
the school. The participant is assigned an overall rating of
"Satisfactory" or "Needs Improvement."
Continuing Education Unit (CEU): 3.3
Professional Education Unit (CPE): 39.5
Deposit Insurance Corporation Corporate University is registered with the
National Association of State Boards of Accountancy (NASBA) as a sponsor of
continuing professional education on the National Registry of CPE Sponsors.
State boards of accountancy have final authority on the acceptance of
individual courses for CPE credit. Complaints
regarding registered sponsors may be addressed to the National Registry of
CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN 37219-2417. Web
For information regarding administrative policies such as complaints and
refunds, please contact Corporate University, Attn: NASBA Representative
Ava Livas, 703-562-2463, Room VS-A-3025,
3501 North Fairfax Drive, Arlington, VA 22226.
The FDIC has been approved as an Authorized Provider by the International
Association for Continuing Education and Training (IACET) (www.iacet.org),
1760 Old Meadow Road, Suite 500, McLean, VA 22102.
For more information concerning course content and administration, please contact Steven Miller at (703) 516-1281 or Dawn Scaff at (703) 516-5797.