CFPB Declares Data-Centric Future with New Strategy. Are You Ready?
CFPB is quickly moving into a data-centric world as evidenced by their strategic plan. Is your compliance management program ready?
4 Fair Lending Best Practices - Proactively Address Risk
The four fair lending best practices outlined by the NCUA: Written Policies; Regular Risk Assessments; Consistent Monitoring; Stay Current.
CFPB Provides Warning on Indirect Lending - You Have Been Deputized!
CFPB provides financial institutions warning and guidance in regards to indirect lending. Is it fair to deputize banks to manage fair lending?
10 Questions for Third-Party Compliance
The financial institution's senior management must actively manage third-party relationships. Here are 10 quick questions to gauge your risk.
4 Classes of Problems - CFPB Focuses on Discrimination & Fair Lending
CFPB looks forward, uses disparate impact theory to fight discrimination and enforce fair lending.
Recent Fair Lending Settlement and Community Banks: 3 Conclusions
Texas Champion Bank settles Fair Lending complaint regarding consumer lending to Hispanics.
Compliance Alert: HUD Creates Standard on Discriminatory Effect
HUD formalizes national standard for using disparate impact rule to determine if discriminatory behavior exists in fair lending reviews.
7 New Rules from the CFPB - Are You Ready? (2 of 3)
An overview of the new Mortgage Servicing Rule and Appraisals for Higher-Priced Mortgage Loans (HPMLs) from the CFPB.
7 New Rules from the CFPB - Are You Ready? (1 of 3)
7 new mortgage lending rule additions/changes from the CFPB that compliance officers and bank leadership must understand.
New Ability-to-Pay Rule + Fair Lending = Rock and Hard Place?
An overview of the new Ability-to-Pay rule and the key eight points lenders can employ.
The 5 Most Popular Compliance Articles from 2012
The top 5 fair lending takeaways from TRUPOINT Partners' most popular articles in 2012.
7 Reg B Violations: Compare Your Fair Lending Compliance Program
The 7 most common Reg B (Fair Lending) violations as reported by the regulators. How does your program compare?
CFPB and DOJ Collaborate on Fair Lending: 3 Key Areas Defined
CFPB publishes first annual Report on Fair Lending and establishes fair lending collaboration framework with DOJ. Assess your fair lending program.
CFPB Provides Fair Lending Road Map with 8 Success Elements
The CFPB's first Supervisory Highlights provides great insights regarding how to succeed with Fair Lending compliance.
The Keys to Balancing Safety & Soundness with Fair Lending Compliance
Fair Lending regulatory compliance and Safety & Soundness can co-exist with the right policies, procedures and compliance management program.
$2m Fair Lending Bias Settlement - Loan Policies & Disparate Impact
Fair Lending continues to garner regulatory attention as evidenced by the Luther Burbank Savings settlement with the Justice Department.
2011 HMDA Data Ready for Release - Are You Ready to Act in 3 Days?
Imminent release of 2011 HMDA data by FFIEC requires action by bankers.
$3.5m Bias Settlement - Highlights Fair Lending Monitoring Risk
$3.5m Fair Lending settlement highlights required elements of a Fair Lending Compliance Management Program.
6 Keys to CRA Community Development Success Told With BBQ Sauce
Managing CRA and Community Development is like Carolina BBQ sauce; we'll define 6 key best practices for success.
$175m Fair Lending Settlement - Highlights 5 Risks Banks Must Manage
Wells Fargo will pay at least $175m to settle fair lending accusations that the company discriminated against borrowers.
2010 Census Impacts CRA and Fair Lending Approach
FFIEC will release the updated 2010 census data on June 29th. CRA and Fair Lending exams are immediately impacted.
The $21m Fair Lending Price Tag for Loan Officer Discretion
When you have a combination of loan officer discretion AND disparities, you have the ingredients for in-depth regulator Fair Lending review.
Compliance Innovation Reduces Costs, Increases Profitability
Community Banks are using innovative partners to reduce the cost of compliance and improve their efficiency ratios.
CFPB Stands Firm on Fair Lending and Disparate Impact
CFPB says it will use all means to pursue lenders whose practices discriminate against consumers, including disparate impact.
GFI's Fair Lending Lawsuit Underscores “Beware-the-Double-D” Warning
The Fair Lending lawsuit filed last week against GFI Mortgage Bankers is a reminder that Fair Lending compliance isn't just for banks.
Fair Lending Reviews Are Now Part of Every Compliance & CRA Exam
Examiners now conduct a fair-lending exam in conjunction with every compliance exam and CRA exam. Are you analyzing you risk?
Fair Lending Importance Underscored by Attorney General at Judiciary Hearing
Compliance officers who haven’t yet committed to a comprehensive fair-lending compliance program may want to consider the issue from the perspective of Ass…
How to Avoid the Pitfalls Hiding in Your HMDA Data
Here's 3 tips for how banks and lenders nationwide can avoid Fair Lending pitfalls.
A Timely Reminder Via the $25 Billion Mortgage Relief Settlement
After months of negotiation, the details on the $25 billion relief settlement are still not fully understood and will likely take weeks to gain clarity.
5 Regulatory Compliance Priorities for 2012 & Beyond
Read this blog in order to learn the five regulatory compliance priorities to focus on in 2012 and beyond!