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Banking & Finance 30m

Fair Lending and Regulation B Overview

This course provides banking, insurance, and financial services staff with an awareness-level overview of fair lending principles and Regulation B (Equal Credit Opportunity Act rules), focusing on behaviors and processes that support fair treatment in credit-related activities.

Fair Lending and Regulation B Overview

What this course covers

  • It is not legal advice and does not replace institution-specific policy or counsel.
  • The purpose of fair lending laws and Regulation B, in straightforward terms.
  • Core concepts of equal treatment in credit, prohibited bases of discrimination, and consistent processes.
  • Awareness of how policies, procedures, and behaviors can create fair lending risk.
  • Staff responsibilities for following institution policies, documenting decisions, and escalating concerns.
  • Scenario-based examples of fair and potentially unfair practices.

Modules

Module 1: Fair Lending and Regulation B – Purpose and Scope (Awareness-Level)

Introduces fair lending concepts and Regulation B at a high level, focusing on why they matter.

Module 2: Prohibited Bases and Equal Treatment Concepts

Covers prohibited bases of discrimination and the concept of equal, consistent treatment in credit-related activities.

Module 3: Policies, Procedures, and Fair Lending Risk

Explores how policies and procedures can either support or undermine fair lending if not applied consistently.

Module 4: Interactions with Applicants – Communication and Process Consistency

Focuses on how staff interactions with applicants can affect fair lending, emphasizing consistent communication and process.

Module 5: Documentation, Decision-Making, and Exceptions (Awareness-Level)

Highlights the role of documentation and exception handling in fair lending risk management.

Module 6: Scenario-Based Red Flags – Potentially Unfair Practices

Uses scenarios to highlight behaviors and situations that may create fair lending risk.

Module 7: Escalation, Questions, and Working with Compliance

Explains how staff should raise fair lending questions and work with compliance or legal teams.

Module 8: Fair Lending Culture and Continuous Learning

Emphasizes fair lending as part of a broader culture of fairness, inclusion, and regulatory compliance.

Course features

SCORM 1.2 or 2004 Audio Narration Captions Transcript Knowledge Checks Locked Navigation Post-Assessment Certificate
Frequently asked questions

Who should take Fair Lending and Regulation B Overview?

This course provides banking, insurance, and financial services staff with an awareness-level overview of fair lending principles and Regulation B (Equal Credit Opportunity Act rules), focusing on behaviors and processes that support fair treatment in credit-related activities.

How long does the course take?

About 30 minutes, delivered across 8 modules with knowledge checks.

What does the course cover?

It is not legal advice and does not replace institution-specific policy or counsel; The purpose of fair lending laws and Regulation B, in straightforward terms; Core concepts of equal treatment in credit, prohibited bases of discrimination, and consistent processes; Awareness of how policies, procedures, and behaviors can create fair lending risk; Staff responsibilities for following institution policies, documenting decisions, and escalating concerns; Scenario-based examples of fair and potentially unfair practices.

Do learners receive a certificate?

Yes. The course issues a certificate on completion. It ships SCORM 1.2 or 2004 with audio narration, captions, transcript, and runs on the Provisant learning platform.

How much does it cost?

$5 per user per course per year. Annual billing saves 20%. Any course in the catalog can be added to a plan.