NCUA hosts webinar including fair lending and consumer compliance issues

The NCUA will host a webinar on Nov. 17, offering credit unions valuable information on a range of fair lending and consumer compliance topics. The information presented in this webinar reinforces the NCUA’s commitment to expanding the availability of safe and affordable credit to meet the needs of diverse and underserved communities, which is a pillar of the agency’s financial inclusion initiative, ACCESS: Advancing Communities through Credit, Education, Stability and Support.

Registration for the “Fair Lending and Consumer Compliance Regulatory Update” webinar is now open. It begins at 3 p.m. ET.  Staff from the NCUA’s Office of Consumer Financial Protection will discuss the focus areas for the agency’s consumer compliance exams in 2021, including a review of COVID-19-related loan modifications and credit reporting, and fair lending policies and procedures. The discussion will also include the findings from the 2020 consumer compliance exam reviews.

Participants can submit questions anytime during the presentation or in advance by emailing WebinarQuestions@ncua.gov. The email’s subject line should read, “Fair Lending and Consumer Compliance Regulatory Update.”

To learn more about the ACCESS initiative, click here.