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Banking and Finance

Fair Lending and Reg B requirements for Commercial Lending [VIDEO]

This is the first post in our "Understanding Fair Lending" series based on a recent fair lending webinar with Jerry Miller. 9 more articles will come over the next week. You can download the full webinar here

Commercial banking - fair lendingNot long ago we held a free Fair Lending compliance Webinar with industry veteran Jerry Miller, and more than 250 financial services professionals attended. It was a phenomenal event, structured with a 30-minutes presentation from Jerry with an additional 30 minutes set aside solely for Q&A from the audience.

Given the number of questions after Jerry’s presentation, we might just need to schedule a bit more time for questions next time.

One of the most popular topics raised during Q&A focused on the implications of fair lending as applied to commercial lending. Watch the video we made from this question (it’s less than 2-minutes long), or read the full transcript below. Some of the highlights include:

  • When regulations governing consumer lending can sometimes apply to commercial lending
  • How Adverse Action Notifications apply to Regulation B
  • A real-world federal case examining the implications and consequences of non-compliance in commercial lending

Watch the video below: