Equal Credit Opportunity Act (ECOA)

Equal Credit Opportunity Act (ECOA)

SELF-PACED ONLINE COURSE: ABA ELEARNING (LENGTH 2 HOURS, 30 MINUTES)

Price: $275 members; $375 non-members

Member Online Enrollment | Non-Member Online Enrollment
This course is also available at discounted prices under an annual license.  Call or email for details.
The purpose of this course to provide students with an detailed overview  of the major aspects of ECOA/Reg B from application taking through underwriting and evaluations, to notice and record-keeping requirements.  The basic requirements of the Fair Housing Act (FHA) are also discussed. Students will learn about the Equal Credit Opportunity Act (ECOA), which is implemented by Regulation B, and about its purpose, key definitions, and how ECOA compares to the Fair Housing Act. Students will also learn about Regulation B rules relating to the credit transaction, including taking applications, evaluating applications, signature rules, and notification of action taken, in addition to Regulation B rules for furnishing of credit information, record retention, collecting government monitoring information, providing appraisal reports, and conducting self-testing. 
Students will learn through a combination of instructor videos, exercises, readings, glossaries, self-assessments and more. Students will complete the course with a final exam to earn Certified Regulatory Compliance Manager (CRCM) credits.
Audience: Compliance professionals including compliance managers, officers, and other compliance team members whose primary role is within the compliance function at their financial institution; bank examiners, bank regulators, auditors and lending compliance professionals.
Learning Objectives: After completing this course, students will gain a fundamental understanding of ECOA and learn how to:
  • Describe the purpose of the ECOA and the Fair Housing Act, and define key terms used in each
  • Identify Regulation B rules relating to the application process, from taking applications to notification of action taken
  • Describe Regulation B rules relating to the furnishing of credit information, record retention, collecting government monitoring information, providing appraisal reports, and conducting self-testing
Your Instructor
Rick Freer, CRCM
Senior Director Examination & Compliance Programs
American Bankers Association
Prior to joining the ABA, Rick served as a national bank examiner and senior compliance specialist in the Compliance Policy Division at the Office of the Comptroller of the Currency (OCC).   In these roles he managed compliance regulations, including fair and responsible lending, UDAP, and HMDA, and compliance risk management initiatives and training activities.
 
The Nebraska Bankers Association is a Local ABA Training Provider.
For More Information Contact:

Joanne Smith
Education and Member Information Coordinator

Nebraska Bankers Association / 233 South 13th Street, Suite 700 / PO Box 80008 / Lincoln, NE 68501-0008