Bruce S. Nathan and David M. Banker are speaking at the National Health Care Credit Exchange. The program will explore a number of areas where the slip of the tongue or inclusion of damaging information in one's file has gotten credit professionals into "hot water." The program will explore several topics including: (1) areas where the slip of the tongue or inclusion of damaging information in one's file has gotten credit professionals into "hot water"; (2) preference claims and what "smoking guns" in a file can make it more difficult and costly for a creditor to successfully defend against a preference claim; (3) what is/is not permissible communication at a trade group meeting and (4) requirements of the ECOA and Reg B for communicating an adverse action.