2020 Lending Compliance Triage Conference
AGENDA
REMOTE FEED ACCESS TIMES
 10:00am - 6:00pm Eastern Time
   9:00am - 5:00pm Central Time
     8:00am - 4:00pm Mountain Time
   7:00am - 3:00pm Pacific Time

Conference begins each day at the specified time which is dependent on which time-zone you reside in.
Session times below are for Central Time. Adjust them to your time zone.
 
Day 1
9:00 - 9:15 Welcome and Introductions
9:15 - 10:30Avoiding the Corona Hangover
10:30 - 10:45 BREAK
10:45 - 11:00 Avoiding the Corona Hangover
11:00 - 12:00 TILA
12:00 - 12:15 Q and A
12:15 - 1:00 LUNCH
1:00 - 2:15 HMDA
2:15 - 2:30 2020 Uniform Residential Loan Application
2:30 - 2:45 BREAK
2:45 - 4:45 Compliance Escape Room Exercise
4:45 - 5:00 Q and A

Day 2
9:00 - 10:00CRA
10:00 - 10:30 Flood Insurance
10:30 - 10:45 BREAK
10:45 - 11:30 UDAAP
11:30 - 12:00 Military Lending
12:00 - 12:15 Q and A
12:15 - 1:00 LUNCH
1:00 - 1:30 Fair Debt Collection Practices Act and Regulation and Regulation F
1:30 - 2:00 Fair Lending
2:00 - 2:30 Payday Lending
2:30 - 2:45 BREAK
2:45 - 3:15 Compliance Management
3:15 - 4:45 Common Violations and Other Recent Issues
4:45 - 5:00 Q and A
Adjourn - Thank you for attending!

Introduction - Mary Beth Guard introduces the Triage Conference panel of speakers and explains the state of the Lending Compliance industry as of November 2020.

Avoiding the Corona Hangover - Lenders have been innovating for months, offering quick solutions to pandemic problems, modifying and extending existing loans, and offering products that have not been offered before. All of these efforts has saved some customers from doom and failure. But at some point the price for your innovation and hard work will be lawsuits, violations and the general condition we refer to as the Corona Hangover. This session considers E-Sign, the RESPA Mortgage Loan Transfer process, Loan Servicing, Appraisal Guidelines, Regulation O, BSA, FCRA, Fair Lending, Flood Insurance, CRA, HUD's Suspension of Foreclosures and Evictions, and much more.

TILA - During the last twelve months, as it has for its entire history, the Truth in Lending Act and Regulation Z demand attention We cover recent hot spots, enforcement actions, expanded TRID FAQs for Lender Credits, TRID Construction Loan Guides, and the new APR Computational Tool.

HMDA - No one in the industry provides a better update on HMDA and Regulation C than Kathleen Blanchard. Kathleen and her fellow panel members discuss the final HMDA rule, the expanded FAQs, and recent hot spots.

2020 Uniform Residential Loan Application - The CFPB, Fannie Mae, Freddie Mac, and the Federal Housing Finance Agency stumbled, bumbled and finally fumbled the 2019 effort to implement a revised URLA. Now the same lineup is back for the 2021 attempt at implementing the URLA. Optional use of the form is scheduled to begin on January 1, 2021. Use is mandatory by March 1, 2021, and files will be rejected starting March 1, 2022, if the new URLA is not used, regardless of when the application was taken. Is your financial institution ready?

Compliance Escape Room Exercise - Escape Rooms are the latest craze, and are ideal for a fun and lively compliance training exercise. Why only sit and listen to a lecture, when participants can work together to solve various real-world compliance puzzles and quandaries to "escape" within 60 minutes? Reinforce compliance knowledge (or learn something new!), apply regulatory requirements, and build teamwork in a most entertaining way!

CRA - The Community Reinvestment Act and its implementing regulations have not been significantly updated since the mid-1990s. In December 2019 the OCC and the FDIC published a proposed rule to make major revisions to the regulations. The comment period ended in April 2020. When will final rules be put in place? Will the Federal Reserve join in the effort? The session also covers recent hot spots.

Flood Insurance - Since 2017 Congress has been playing with proposed changes to the law and with the continued funding for the National Flood Insurance Program. This session reviews the status of the National Flood Insurance Program, hot spots and enforcement actions.

UDAAP - Federal law has prohibited unfair and deceptive acts or practices in commerce for over 100 years. In 2010 the Dodd-Frank Act added a prohibition against abusive acts or practices, with little clarification or guidance. On January 21, 2020, the Consumer Financial Protection Bureau (CFPB) approved a policy statement that provides greater certainty about the meaning of abusiveness. The statement provides a common-sense framework on how it intends to apply the "abusiveness" standard in supervision and enforcement matters. The session also considers recent enforcement actions

Military Lending - On February 28, 2020, the Department of Defense (DOD) published amendments to its Interpretive Rule related to the Military Lending Act (MLA). The rule was originally published in 2016 and was amended in 2017. On February 28, 2020, the Interpretive Rule was once again revised to remove updated Q&A #2 (as revised in 2017) and revert back to the original Q&A #2 (issued on August 26, 2016). The DOD has also added a new Q&A to address questions about the use of Individual Taxpayer Identification Numbers to identify covered borrowers in the DOD's database. Andy also provides an update on recent cases, the MLA and the Servicemembers Civil Relief Act.

FDCPA - On May 7, 2019, the CFPB published a proposed rule amending Regulation F, to implement the requirements of the Fair Debt Collection Practices Act. No regulations for FDCPA existed in the past. In addition to providing regulations, various concepts from the law are updated. The comment period ended on September 19, 2019. Final rules are expected soon.

Fair Lending - Fair lending cases involving financial institutions have been rare since 2016, however in the last year two significant redlining cases raised significant concerns. These and other recent cases are reviewed.

Payday Lending - Title X of the Dodd-Frank Act created the Payday, Vehicle Title, and Certain High-Cost Installments Loans Rule, which is scheduled to be implemented at 12 CFR Part 1041. The law was scheduled, after several delays, to be effective on August 19, 2019. Certain provisions were delayed until November 19, 2020. The whole mess has been delayed by a Texas case - Community Financial Services Association of America, LTD. and Consumer Service Alliance of Texas v. Consumer Financial Protection Bureau. As of May 2020 the United States District Court for the Western District of Texas has not lifted the stay to permit full implementation of the law. Once effective, the regulation potentially has a major impact on many financial intuitions. However with judicious use of regulatory exceptions the compliance burden can be minimized. The session includes a very quick review of the status, exceptions, and the workaround.

Compliance Management - Many Compliance Management Systems have been ignored, temporarily patched, and somewhat abused during the pandemic. Tips for managing the entire process and staying up-to-date are provided.

Common Violations and Other Recent Issues - Other planned topics include the expiration of the LIBOR index and a discussion of a suitable substitute, the legal status of the Bureau's Compliance Aids, and Agency Guidance on Serving Hemp-Related Businesses.




In addition, we encourage you to submit questions prior to the conference and we will do our best to incorporate the answers into the program. Simply email your questions to
requests@bolconferences.com. Of course, we've also set aside time to answer your questions during the conference .

We'll be monitoring lending compliance developments to bring you the up-to-the-minute information and guidance that you need.




BOL Conferences, Inc.
2541 Flint Ridge Rd, Edmond, OK 73003
PH: 888-229-8872 ext. 87      FAX: 405-348-7641     Email: carin@bankersonline.com
For sponsorship information, contact Tobi Chunowitz, 888-229-8872 ext. 801