Equal Credit Opportunity Act (ECOA) for Compliance Professionals


Learn major aspects of ECOA/Reg B from application taking through underwriting and evaluations, to notice and record-keeping requirements. Discover basic requirements of the Fair Housing Act, and rules for furnishing of credit information, record retention, collecting government monitoring information, providing appraisal reports, and conducting self-testing.

Reviewed: October 2017 (no changes necessary)
Re-versioned: June 2016

Learning Objectives

After completing this course, students will be able to:

  • Describe the purpose of the ECOA and the Fair Housing Act, and define key terms used in each
  • Identify Regulation B rules relating to the application process, from taking applications to notification of action taken
  • Describe Regulation B rules relating to the furnishing of credit information, record retention, collecting government monitoring information, providing appraisal reports, and conducting self-testing

Audience

Compliance professionals including compliance managers, officers, and other compliance team members whose primary role is within the compliance function at their financial institution; bank examiners, bank regulators, auditors and lending compliance professionals.

Course Credits

ICB Certifications: 3.0 CRCM

ABA Certificates: This course applies to the ABA Certificate in Lending Compliance.

Your Instructor

Rick Freer, CRCM
Senior Director Examination & Compliance Programs
American Bankers Association


Prior to joining the ABA, Rick served as a national bank examiner and senior compliance specialist in the Compliance Policy Division at the Office of the Comptroller of the Currency (OCC).   In these roles he managed compliance regulations, including fair and responsible lending, UDAP, and HMDA, and compliance risk management initiatives and training activities.​​​​

Questions? Please contact ABA Training​ for more information.
 

 Benefits of Self-Paced Training

 
  • Ultimate flexibility
  • Quizzes to support learning
  • Mobile format available
 

 Registration & Pricing

 

Individual Purchase:
ABA Member • $275
Non-Member • $375

Purchase for a Team:
To license this course to your bank for multiple learners, please contact ABA Training.​

 

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