Participants will have the opportunity to contribute questions online during the program. The European Commission has decided today to transfer Rytis Martikonis to the function of Director-General Chair of the Regulatory Scrutiny Board (RSB). This webinar will be of interest to attorneys and executives in the consumer financial services industry, including those who offer mortgages auto financing student loans credit, debit and prepaid cards deposit accounts and other similar services. the CFPB’s recent announcement that it will examine institutions for potential discriminatory conduct that may constitute unfair acts or practices and.the likely focus on automated underwriting models, including ones utilizing artificial intelligence and machine learning Regulatory scrutiny definition: A regulator is a person or organization appointed by a government to regulate an area of.recent cases and enforcement actions on race and national origin.redlining, reverse redlining, and discretionary underwriting and pricing.This initiative works to address issues of racial injustice and protection of consumers rendered vulnerable by the long-term economic effects of the COVID-19 pandemic.ĭuring this timely discussion, panelists will address: Regulatory scrutiny refers not just to the extent of and exigency of regulation but to the expectations of regulators and the likelihood of supervisory and enforcement action. In October 2021, the Consumer Financial Protection Bureau (CFPB) joined with the Department of Justice (DOJ), the Department of Housing and Urban Development (HUD) and the Office of the Comptroller of the Currency (OCC) in announcing a joint Combatting Redlining Initiative, developed under the Biden Administration’s prioritization of racial equity. Join us for a CLE webinar to review the increased regulatory and enforcement focus on fair lending and redlining.