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Board Oversight: Fair Lending

Explores a bank board's key responsibility for overseeing and supporting a bank’s ability to meet the needs of its entire community. This includes oversight of bank policies and procedures to ensure it does not illegally discriminate, directly or indirectly, against existing or potential customers under fair lending laws.

Duration: Approximately 5 minutes
Created: September 2018

What You'll Learn

After successfully completing the course, you will be able to:

  • Describe the fair lending laws and their purposes
  • Define overt discrimination, disparate treatment, and disparate impact
  • Explain the responsibilities assigned to the board of directors under fair lending laws
  • Describe the consequences of not complying with fair lending laws

Audience

For members of a bank's board of directors.


​Questions? Please contact training@aba.com for more information.

 

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Note to Members: If you need to record your training for compliance purposes, sign in to ABA's LMS and access this training through your Frontline Compliance Training license agreement.

 

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