Join us for a CLE webinar to review the increased regulatory and enforcement focus on fair lending and redlining. In October 2021, the Consumer Financial Protection Bureau (CFPB) joined with the Department of Justice (DOJ), the Department of Housing and Urban Development (HUD) and the Office of the Comptroller of the Currency (OCC) in announcing a joint Combatting Redlining Initiative, developed under the Biden Administration’s prioritization of racial equity. This initiative works to address issues of racial injustice and protection of consumers rendered vulnerable by the long-term economic effects of the COVID-19 pandemic.
During this timely discussion, panelists will address:
- redlining, reverse redlining, and discretionary underwriting and pricing;
- recent cases and enforcement actions on race and national origin;
- the likely focus on automated underwriting models, including ones utilizing artificial intelligence and machine learning;
- the CFPB’s recent announcement that it will examine institutions for potential discriminatory conduct that may constitute unfair acts or practices; and
- areas to watch in 2022 and beyond.
This webinar will be of interest to attorneys and executives in the consumer financial services industry, including those who offer mortgages; auto financing; student loans; credit, debit and prepaid cards; deposit accounts; and other similar services. Participants will have the opportunity to contribute questions online during the program.
*CLE credit is not available for those who watch a recording of the webinar.