January 09, 2014

Webcast will help CUs with third-party vendors

Credit unions viewing a NAFCU webcast Monday will learn how to manage third-party vendors to ensure they don't commit fair lending violations that can put their own institutions at risk.

The webcast, "Managing Third-Party Fair Lending Risk: Don't Let Your Vendors Let You Down," begins at 2 p.m. Eastern Monday. David A. Reed, a NAFCU Certified Compliance Officer and partner at Reed and Jolly PLLC, will lead the webcast. Reed is also founder of CU Doctor, a full service credit union consulting practice.

Key takeaways for credit union attendees include:

  • the ability to identify and prevent vendor risks that could affect credit unions;
  • the education tools needed to teach vendors about fair lending compliance;
  • an understanding of how to police vendor fair lending violations; and
  • a review of fair lending examinations.

NCCOs who submit an affidavit of attendance for this webcast will receive 1.5 continuing education units. NAFCU's on-demand webcasts are available for up to 12 months after the live broadcast, and are included in the registration price. They are also included in NAFCU's 2014 unlimited webcast subscription.