Compliance Training Program
Introduction to Fair Lending School
Introduction to Fair Lending School addresses:
- The two fair lending statutes (Equal Credit Opportunity Act and Fair Housing Act),
- How to use the Interagency Fair Lending Examination Procedures to conduct a fair lending review, and
- How to document a fair lending review in the Fair Lending Scoping and Conclusions (FLSC) memorandum.
The course consists of lessons, group exercises, and a case study meant to prepare a pre-commissioned examiner to conduct an effective and efficient small bank fair lending review and write a FLSC memorandum.
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 review for a small institution
- Write a FLSC memorandum
This school is a one-week course.
Pre-course assignment, facilitated classroom discussion/lectures, small group activities, and in-class case study.
This course is designed for pre-commissioned compliance examiners who generally have 6-10 months of experience in compliance examinations.
This course is open to appropriate staff of the FDIC and partner government regulatory agencies. This course is not open to the public or staff of private banks.
This course is for pre-commissioned Compliance Examiners who have:
- Assisted in or conducted two fair lending reviews - including interviews and FLSC preparation, and
- Completed the pre-course assignment.
Prior to IFLS, a participant must:
- Complete two BAI computer-based instruction (CBI) courses. It is critical that you complete the required courses; however, if you have previously completed any of these BAI courses as part of your FDIC training, then there is no need to complete it again.
- Complete one FDIC CBI course
- Review case study documents to complete the case study bank FLSC Section 1 review.
The pre-course assignment is generally due two weeks (11 business days) prior to the start of the session. The pre-course email sent approximately eight weeks prior to the start will specify the exact date for your session.
The Division of Depositor and Consumer Protection (DCP) allows an FDIC participant 24 hours of official time to complete the pre-course assignment.
Participants are required to bring a laptop and their official ID.
The participant Summary Evaluation Form (SEF), sent approximately thirty days after the conclusion of the school, will summarize course performance and will include either a "Satisfactory" or "Needs Improvement"overall rating.
Continuing Education Unit (CEU): 3.3
Continuing Professional Education Unit (CPE): 39.0
For information regarding administrative policies such as complaints and refunds, please contact Corporate University, Attn: NASBA Representative Ava Livas, Room A-3025, 3501 North Fairfax Drive, Arlington, VA 22226 (703) 562-2463.
The Federal Deposit Insurance Corporation 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 submitted to the National Registry of CPE Sponsors through its website: NASBARegistry.org
The Federal Deposit Insurance Corporation (FDIC) is accredited by the International Association for Continuing Education and Training (IACET) (www.iacet.org). The FDIC complies with the ANSI/IACET Standard, which is recognized internationally as a standard of excellence in instructional practices. As a result of this accreditation, the FDIC is accredited to issue the IACET CEU.