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The CRA and Fair Lending Colloquium is known for delivering quality content from the nation's top compliance experts as they discuss best practices and analyze regulatory trends affecting the Community Reinvestment Act (CRA), Home Mortgage Disclosure Act (HMDA) and fair lending rules. Continue to visit this page as we update the specifics of the program and speakers. To view descriptions of each session, please click on the session title. To view all descriptions, click on “Show Description” below.VIEW THE 2018 AGENDA for a sample of what we have in store for 2019.
Registration required; limited to 40 attendees
This workshop provides a complete walk-through of the HMDA regulations and an overview of the updated HMDA rule. The session will also introduce you to the requirements and provide strategies for maintaining data integrity. It’s a perfect way for new compliance professionals to start off the Colloquium. Additional registration is required to attend.Speakers:
Registration required; limited to 40 attendeesThis workshop provides a complete walk-through of current CRA regulations as well as any updates on CRA Modernization. Find out how they impact banks both large and small. The session will also introduce you to how the regulators will examine your institution and review lending, investment, and service activity (as applicable) to assign a CRA rating. It’s a perfect way for new CRA professionals to start off the Colloquium. Additional registration is required to attend.
Speakers:
Limited to Fair Lending Wiz Users; registration required; limited to 40 attendees
With the changes in fair lending oversight practices, Fair Lending Wiz users are looking for more sophisticated ways to use this software. The Fair Lending Wiz Forum is a formal session that will provide users with an opportunity to interact directly with the product managers to ask questions and make suggestions and hear about software features that can have a direct impact on your work. Attend this session and collaborate with other Fair Lending Wiz users to share ideas and learn about best practices. Additional registration is required to attend.
Limited to CRA Wiz Users; registration required; limited to 40 attendees
With changes in lending practices and an improving economy, CRA Wiz users are looking for more sophisticated ways to use this software. The CRA Wiz Forum is a formal session that will provide users with an opportunity to interact directly with the product managers to ask questions and make suggestions and hear about software features that can have a direct impact on your work. Attend this session and collaborate with other CRA Wiz users to share ideas and learn about best practices.
This course is ideal for new fair lending officers and those who need a refresher on the basics of the regulation and the implications for your institution. This workshop provides a complete review of interagency fair lending examination procedures, including a review of past and current fair lending violations and an examination of current regulatory trends. You will also learn about key trends in fair lending analytics, especially with consideration of the new HMDA 2018 expanded data. Join us to learn about the risk factors that may apply to your institution, how regulators assess the significance of these risks, and how to conduct a streamlined examination. Additional registration is required to attend.
Limited to Government Wiz Users; registration required; limited to 40 attendees
The CRA Wiz and Fair Lending Wiz Forum is an interactive session that will provide government users with an opportunity to interact directly with experts and other users of the product. This session will allow users to ask questions, make suggestions and hear about software features that can have a direct impact on your work. Highlights will include product updates and product features that pertain to the examination procedures. Attend this session and collaborate with other CRA Wiz and Fair Lending Wiz users to share ideas and learn about best practices.
Meal
General Session
A behind-the-scenes look at the Pulitzer Prize-winning investigation "The Color of Money," which led to reforms in fair lending, as well as recent research in fair housing.
Break
Lessons from the past can inform the future. We have invited a group of unlikely collaborators to share their current initiatives and research related community development, homeownership and servicing. This diverse group shares a passion for positive change – and some powerful information that we can all learn from.
Moderator:
Breakout Session
Mixing tested industry expertise and plain old-fashioned ingenuity, these myth busters will take a hard look at common perceptions, and prove or disprove popular myths, misconceptions or legends that lurk in our industry. – or myths that have to be busted: • Transaction testing on 2018 HMDA data• Community benefits agreements • HUD Zones and Opportunity Zones• REMA versus AA: who wins?• OCC's exam guidance • OCC's new redlining standards• Disaster areas • Mortgage-backed securities and CRA consideration
The 2017 “Tax Cuts and Jobs Act” included new tax incentives relating to “Qualified Opportunity Zones” to encourage real estate development in certain designated qualifying low income communities. Developers plan to borrow from banks in connection with planned developments to take advantage of these new rules; therefore it is crucial for bankers to understand these new rules. And it is not yet clear the extent to which Qualified Opportunity Zone developments will qualify for CRA purposes. This session will provide an overview of Opportunity Zones, the challenges and benefits of using them and importantly, how to make the connection with CRA.
Panelists:
There is a continued push to be innovative, flexible and responsive. You are all in - and guess what? The regulators are, too! How do you recalibrate your risk tolerance to accommodate the desire to move forward with innovation? Some institutions can afford to try something and it is considered just the cost of doing business. But to some institutions, a loss such as a credit risk or a reputational risk, can have significant negative impact. This session will outline regulator expectations around innovation and strategies for pushing to be innovative and flexible while recalibrating your risk appetite.
The OCC received roughly 1,300 distinct responses to its Advanced Notice of Public Rulemaking from the financial services industry, advocacy groups, and representatives of federal, state, and local government entities, among others. The Federal Reserve Board published, "Perspectives from Main Street: Stakeholder Feedback on Modernizing the Community Reinvestment Act," a summary of feedback received from bankers and community groups during a series of 29 roundtable discussions on the current state of, and potential revisions to, the Community Reinvestment Act (CRA). The conversation around modernizing CRA continues as the industry looks to the ANPR responses and the priorities of the other prudential regulators charged with enforcing this important regulation. This session will provide an update on CRA reform and review any progress made on reaching common ground on key aspects of the CRA framework, including:•Measuring CRA Activity and Clarifying CRA-Qualifying Activities•Geography and Refining the Assessment Area Definition•Implementing an Objective Set of Measures•Defining Community Development•Ensuring that CRA investments target those most in need in a bank’s community•Assessing lending – including digital lending – by banks outside of the area where their main offices and branches are located.
Small business lending is key to CRA compliance for most banks, however, the prospect of new fair lending regulations is looming large. Small, women and minority owned businesses remain a focus of discussion and debate in the industry. Potential challenges and burdens include defining “small business” and identifying meaningful data points to collect. This session will take a look at current trends, trouble spots and opportunities. •What is the status of Dodd Frank Act Section 1071?•How do you think about redlining in small business?•How can small business data collection support innovation and economic growth?•Is there opportunity to align data collection requirements among regulators and the SBA? •What are the fair lending risks in small business lending?•How can you effectively document decisions given the varying ways to “take” an application?•How do you determine who is similarly situated?What if we have to create another LAR for small business?What data is visible to underwriting staff and if is it limited, how can it progress or inhibit your goals?
Conduct risk that results in consumer or customer harm is a big concern for financial institutions. Regulators are looking for—and finding—these types of issues at several institutions, large and small. The CFPB recently held a symposium to discuss the definition of "abusive acts of practices," so the abusive prong of UDAAP is not likely to go away any time soon. Looking beyond the traditional first, second and third lines of defense, this session will discuss risk assessment strategies that connect business lines, compliance and even human resources. With a special focus on metrics and key indicators, experts will look at potential trouble spots for UDAAP and conduct risk and provide actionable takeaways to help you as you collaborate with your business lines to identify these risks early.
The FRB will provide an overview of regulatory developments and how they are impacting the agency, their supervisory priorities and the institutions they supervise.
A Fair Lending Risk Review (FLRR) provides an overall picture of your institution’s lending performance based on a specific dataset from a statistical point of view. It is a key part of “telling your story” to your regulators, especially in preparation for an exam. The FLRR can also help identify any fair lending gaps or problems that exist on a day-to-day basis and can be used to dig deeper into your data and next steps, especially if requested by a regulator.•Do you want to know what your data says about you?•How do you find opportunities to fill gaps in identified lending disparities?•Is regression analysis right for you? •How do you identify outliers for comparative file review? (marginal effects, odds ratios, etc.)•How do you do a comparative file review?•What are the considerations for remediation?
Let’s take some time to discuss the process of finding common ground and trying new approaches to community development. Attend this session and learn best practices for maximizing CRA investments and hear how institutions have been developing innovative activities and investments across the enterprise and in the community. Leave with ideas for integrating CRA innovation across the institution, leveraging the knowledge of other lines of business, challenging branch staff to identify business opportunities and allocating responsibility for managing and tracking opportunities for compliance with CRA. Walk away with ideas for maximizing CRA community development activities.
Mergers, acquisitions and other expansion activities attract considerable attention and scrutiny from customers, regulators, and community advocates. To manage the application process successfully, planning, due diligence and advance preparation are all critical. M&A veterans will discuss how they manage the fair lending and CRA aspects of the application process with a focus on: • Analyzing the data of all institutions involved for Fair Lending and CRA risk;• Evaluating branch network optimization, or branch planning, branch distribution in LMI areas, innovative branching;• Working successfully with community advocates; and • Planning for post-approval implementation.
In the age of artificial intelligence, machine learning and big data, digital technologies have the potential to transform access to credit. Moreover, using machine learning algorithms to incorporate big data sets, artificial intelligence can find relationships between new factors and consumer behavior, creating the possibility of far larger types of data to be factored into a credit calculation. In this environment, how can we test our models to make sure consumers are protected against unfair or discriminatory lending practices? How can we navigate the use of big data analytics and machine learning to expand access to credit? And what measures should you have in place to best protect your bank? What are best practices for managing data? How can you map data linkages between divisions, business lines, and third parties and put controls in place throughout the organization? We’ll also discuss what a “digitized bank” means in terms of customer products and interface.
Setting benchmarks for CRA performance that are in line with regulator expectations and community needs is tough. Your goal is to present a living portrait of your bank and community that examiners can leverage to assess your performance. Where do you start? When do you start? How do you start? This session will review successful strategies for CRA planning, goal setting and benchmarking, touching on:•Managing goals from setting to achievement to avoid last minute scrambles;•Managing internal expectations around competing resources, dollars and ideas;•Benefits and strategies for conducting community outreach; and•Navigating the tension between objective requirements and subjective review.
Preparing for your next examination starts today. Join us as we look beyond the technical requirements to the areas that matter most. Learn what is “reasonable,” “substantial” and “excellent” and hear about resources available to help you assess your bank’s performance. The numbers are important but putting them into context for your area is key to telling your story. This session is also important if you are on the cusp of moving from Small to Intermediate-Small Bank.•Getting agreement on the best measures for your performance • Gauging performance against standard benchmarks•Operationalizing your program internally and outlining targets and setting goals
This session will review all the enforcement trends and emerging fair lending concerns. Your fair lending program remains a focus – but what are the current trends that should be shaping your priorities? Join these experts as they review recent enforcement trends and emerging fair lending concerns and provide you with compliance management strategies to mitigate risks and demonstrate compliance during exams. This session will touch on:•Implications from the recent Facebook and HUD investigations;•Increasing activity by community groups and state attorneys general;•Emerging risks from innovative underwriting criteria, machine learning and AI; and•Defining and evaluating “models”.
The FDIC will provide an overview of regulatory developments and how they are impacting the agency, their supervisory priorities and the institutions they supervise.
Take home some valuable lessons that you can implement at home. You just spent three days listening to today’s leading experts identify regulatory trends, describe compliance strategies, and share practical advice for maintaining your sanity in today’s regulatory environment. Go back with a roadmap for navigating today’s hottest issues and avoiding trouble. This group of “voice of the industry” experts will dig deep and share practical advice on key takeaways, such as: •HMDA Expanded Data•Fair Lending Testing Mechanisms (Disparate Impact, Proxy Data, Redlining)•Regulatory Expectations Around CRA •Key Regulatory Initiatives•Trends in oversight and enforcement
Advanced CRA Wiz Training: Best Practices for Meeting Internal Obligations and Regulator Expectations (Cost $255 includes lunch)
Leverage CRA Wiz to enhance your compliance measures. During this advanced intensive training session, Wolters Kluwer CRA consultants will cover the essentials of CRA software process flows, including import format/data normalization, data and operational process enhancements, and custom documentation. We may also review advanced techniques creating assessment area maps and conducting a CRA self-assessment using demographic and performance context. Experts will share best practices and strategies for leveraging the software to address current CRA challenges.
Advanced Fair Lending Wiz Training: Best Practices for Meeting Internal Obligations and Regulator Expectations (Cost $255 includes lunch)
During this advanced intensive training session, Wolters Kluwer consultants will demonstrate advanced software techniques for conducting a fair lending assessment using risk review, a comparative file review, and regression analysis. This session will also cover any updates relating to the 2018 expanded HMDA data. This demonstration will mimic the Interagency Fair Lending procedures. Additional registration is required to attend.