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NCUA Releases FCU Fair Lending Letter; Hosts Webinar April 4
Wednesday, March 20, 2013 7:15 AM

The National Credit Union Administration's (NCUA) criteria for conducting a fair lending exam or off-site supervision contact are addressed in a new letter to credit unions (13-FCU-02) released yesterday.

The letter also covers recent additions to the agency's fair lending examination program, including new fair lending educational and compliance tools for federal credit unions. The letter also states that selected credit unions will receive advance written notice prior to further contact from NCUA on fair lending.

A guide attached to the letter provides:

  • An overview of fair lending law and regulations; 
  • Credit union operational requirements; 
  • Issues to consider when developing fair lending compliance policies; and
  • Checklists for testing compliance with laws and regulations, or developing a fair lending policy for compliance.

The NCUA also announced an April 4 webinar on fair lending. The “Fair Lending Examination Program and Compliance Assistance,” webinar is free and will begin at 1 p.m. Eastern Time.

During the webinar, Gail Laster, director of NCUA’s Office of Consumer Protection (OCP), and OCP staff will discuss NCUA’s ongoing fair lending program, including:

  • An overview of NCUA’s fair lending examination program, including off-site supervision contacts;
  • Fair lending best practices credit unions should consider; and
  • The new Fair Lending Guide, available here.

While the webinar is free, registration is required and available here. Participants will also use this link to log into the webinar. Registrants should allow pop-ups from this website.

Participants may submit questions in advance at WebinarQuestions@ncua.gov. The subject line of the email should read, “Fair Lending Webinar.” For technical questions about accessing the webinar, please call (703) 518-6440.