8th National Forum on

Anti-Predatory Lending Compliance

Risk Avoidance Strategies to Protect Your Institution from Enforcement Actions and Financial Liability

Thursday, November 17, 2005

About


Are You Unknowingly Exposing Your Institution To Predatory Lending Allegations?

The landscape of anti-predatory lending legislation is being shaped by the controversy surrounding the 2004 HMDA data release, efforts at federal preemption, and aggressive plaintiffs' counsel. With federal and state enforcement on the rise, it's not enough to simply be aware of the state of affairs. You must have a keen understanding of the policy underlying the interplay between the federal, state and local laws in order to craft a strategic approach to compliance.

ACI's 8th National Anti-Predatory Lending Compliance publication will provide the most up-to-date, in-depth and practical information you need to avoid accusations and subsequent liability for predatory practices. The expert faculty will guide you through:*
  • How consumer advocates, federal enforcement agencies, state AGs and the plaintiffs' bar will utilize the HMDA data to support claims of predatory lending
  • The impact of the most recent federal preemption proposals, including the Ney/Kanjorski and Miller/Watt/Frank bills
  • Federal regulatory guidance regarding high-risk loans
  • Marketing tactics lenders need to take when pushing new loan products
  • An assessment of current "borderline" activities that may trigger predatory lending accusations
  • Steps buyers and sellers in the secondary market must take to protect themselves from ratings drops and market withdrawals
  • How the notion of suitability ties into the market and will refuel the predatory lending debate


*American Conference Institute cannot guarantee that every presentation will be included in the publication.

Contents & Contributors

About


Are You Unknowingly Exposing Your Institution To Predatory Lending Allegations?

The landscape of anti-predatory lending legislation is being shaped by the controversy surrounding the 2004 HMDA data release, efforts at federal preemption, and aggressive plaintiffs' counsel. With federal and state enforcement on the rise, it's not enough to simply be aware of the state of affairs. You must have a keen understanding of the policy underlying the interplay between the federal, state and local laws in order to craft a strategic approach to compliance.

ACI's 8th National Anti-Predatory Lending Compliance publication will provide the most up-to-date, in-depth and practical information you need to avoid accusations and subsequent liability for predatory practices. The expert faculty will guide you through:*
  • How consumer advocates, federal enforcement agencies, state AGs and the plaintiffs' bar will utilize the HMDA data to support claims of predatory lending
  • The impact of the most recent federal preemption proposals, including the Ney/Kanjorski and Miller/Watt/Frank bills
  • Federal regulatory guidance regarding high-risk loans
  • Marketing tactics lenders need to take when pushing new loan products
  • An assessment of current "borderline" activities that may trigger predatory lending accusations
  • Steps buyers and sellers in the secondary market must take to protect themselves from ratings drops and market withdrawals
  • How the notion of suitability ties into the market and will refuel the predatory lending debate


*American Conference Institute cannot guarantee that every presentation will be included in the publication.

Contents & Contributors


AVOIDING AND DEFENDING AGAINST CLAIMS OF DISCRIMINATION AND PREDATORY LENDING BASED ON HMDA DATA
Frank Hirsch, Nelson Mullins Riley & Scarborough, LLP

A SINGLE FEDERAL STANDARD? AN UPDATE ON NEY/KANJORSKI AND OTHER PREEMPTION DEVELOPMENTS
C. Vance Beck, Wachovia Corporation

A SINGLE FEDERAL STANDARD? AN UPDATE ON NEY-KANJORSKI AND OTHER FEDERAL DEVELOPMENTS
Donald C. Lampe, Womble Carlyle Sandridge & Rice, PLLC

FEDERAL PREEMPTION DEVELOPMENTS: THIRD PARTY INVOLVEMENT IN BANK TRANSACTIONS – THE SOFT UNDERBELLY OF FEDERAL PREEMPTION
Jeremy T. Rosenblum, Ballard Spahr Andrews & Ingersoll, LLP

A SINGLE FEDERAL STANDARD? AN UPDATE ON NEY/KANJORSKI AND OTHER PREEMPTION DEVELOPMENTS
Andrew L. Sandler, Skadden, Arps, Slate, Meagher & Flom LLP

HOME MORTGAGE DISCLOSURE ACT (HMDA) DATA ANALYSIS
Mariana Rexroth, Office of Thrift Supervision

ENSURING COMPLIANCE IN THE MARKETING AND DISCLOSURES OF COMPLEX SUB-PRIME LOAN PRODUCTS
Brad Blower, Relman & Associates (Former Senior Attorney, Bureau of Consumer Protection, FTC)

UNDERSTANDING THE SOURCES OF FUTURE CLAIMS: PRODUCTS AND ACTIONS THAT ARE SPARKING THE ATTENTION OF PLAINTIFFS AND CONSUMER ADVOCATES
Kathleen Keest, Center For Responsible Lending

QUESTIONS FOR ASSIGNEE LIABILITY, ENSURING MARKETABILITY AND OTHER DUE DILIGENCE CONSIDERATIONS RELATING TO THE SECONDARY MARKET
Stephen Ornstein, Thacher Proffitt & Wood LLP

COMPLIANCE AUDITING PROGRAMS
Dale Sugimoto, Option One Mortgage Company

COMPLIANCE AUDITING: ENSURING THAT YOUR PROCEDURES PREVENT EXPOSURE TO PREDATORY PRACTICES
Loretta Salzano, Franzén & Salzano

SUITABILITY AS A STANDARD FOR HIGH COST HOME LENDING
Brad Blower, Relman & Associates (Former Senior Attorney, Bureau of Consumer Protection, FTC)

IMPLEMENTING "SUITABILITY" AS A STANDARD FOR HIGH-COST HOME LENDING
Bennet Koren, McGlinchey Stafford LLP

IMPLEMENTING "SUITABILITY AS A STANDARD FOR HIGH-COST HOME LENDING
Donald C. Lampe, Womble Carlyle Sandridge & Rice, PLLC

BEST PRACTICES & ANTI-PREDATOY LENDING REQUIREMENTS
Adam J. Bass, Ameriquest Mortgage Company



DOCUMENT TYPES: PRESENTATIONS AVAILABLE: 0