CUs can learn about fair lending practices, hear compliance updates at NCUA webinar

The NCUA is hosting a webinar on fair lending and compliance updates at 3 p.m. Nov. 17.

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. 

Interested participants can click here to register for the “Fair Lending and Consumer Compliance Regulatory Update” webinar.

The NCUA also previously announced a webinar for credit unions interested in offering payday alternative loans or other forms of short-term lending, which is set for 3 p.m. on Nov. 16. Click here to register for “PALs and Short-Term Lending.”

Both webinars aim to reinforce the NCUA’s commitment to expand the availability of safe and affordable credit to meet the needs of diverse and underserved communities as part of its financial inclusion initiative, ACCESS: Advancing Communities through Credit, Education, Stability and Support, according to the agency.

To find out more about the ACCESS initiative, click here.

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