Unpacking Adverse Action Requirements 2023 | Credit Union Webinar Network | 18 July 2023 | Webinar
Venue
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| Event Date |
Wed Jul 19 UTC (over 1 year ago)
In your timezone (EST): Tue Jul 18 8:00pm - Tue Jul 18 8:00pm |
| Location | Webinar |
| Region | All |
Details
This webinar will navigate through the requirements of Regulation B and FCRA when a loan application is denied, incomplete or withdrawn, or when unfavorable changes to the terms of existing credit arrangements are occurring.
Tips and tools will be provided!
After This Webinar You’ll Be Able To:
• Properly notify applicants when denying a loan request
• Identify and document when an inquiry becomes an application
• Explain the requirements for an incomplete or withdrawn application
• Understand the notification options for business credit
• Comply with Reg B’s timing requirements for loan denials
• Effectively use the eight sample notification forms referenced in Regulation B
• Identify when the FACT Act requirements apply to denial notices
• Appropriately fulfill notification requirements when terms change for existing borrowers
• Monitor for frequently identified errors on adverse action notices
• Develop a tracking method for applications not originated
• Recognize potential fair lending discrimination practices
Speakers
2023 Speaker
Molly Stull
Consultant, at Brode Consulting Services, Inc.