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8 Red Flags Indicating Potential Fair Lending Risk

8 Red Flags Indicating Potential Fair Lending Risk

When assessing Fair Lending risk, it’s not just what your FI is doing, but what it’s not doing. These 8 red flags may indicate potential Fair Lending risk.

Sep 24, 2024 4 min read
Court Says CFPB Can Act Against Lenders that Disparage Prospective Applicants

Court Says CFPB Can Act Against Lenders that Disparage Prospective Applicants

CFPB fair lending authority increases with court ruling ECOA includes protections for prospective credit applicants. Learn how this impacts you.

Jul 25, 2024 4 min read
Credit Union Examiners to CEOs: Fair Lending Exams are Coming!

Credit Union Examiners to CEOs: Fair Lending Exams are Coming!

Credit unions need to pay attention to fair lending. Examiners will be – and the media is too. Here’s what you need to do.

Apr 2, 2024 3 min read
Fair Lending 2024: Top 7 Takeaways

Fair Lending 2024: Top 7 Takeaways

What does your financial institution need to understand about fair lending compliance in 2024? Let's revisit our January webinar and find out.

Feb 15, 2024 6 min read
Mapping and Fair Lending: How the Agencies Use Your HMDA Data

Mapping and Fair Lending: How the Agencies Use Your HMDA Data

The Agencies told us they use maps to prove redlining. Tell your HMDA compliance story visually with fair lending analytics mapping tools.

Feb 1, 2024 5 min read
3 Things Compliance Officers Should Do to Prepare for an Exam

3 Things Compliance Officers Should Do to Prepare for an Exam

We'll share 3 actions the best compliance officers take, and 6 steps for Fair Lending exam prep. If you have an upcoming exam, you need to read this.

Sep 7, 2023 4 min read
Inside the CFPB Fair Lending Report 2023

Inside the CFPB Fair Lending Report 2023

Find out the latest fair lending violations across the agencies and where they’ll be looking next as we share highlights of the CFPB Fair Lending Report.

Jul 26, 2023 4 min read
Regulatory Compliance in 2023: We Answer Your Top 5 Questions

Regulatory Compliance in 2023: We Answer Your Top 5 Questions

Regulatory compliance experts help you get exam ready and talk about the top 8 areas examiners will be looking at

Feb 2, 2023 4 min read
Lending Compliance Q&A for Lenders

Lending Compliance Q&A for Lenders

Lenders are focused on bringing in and closing loans, but they are also responsible for compliance. Here are some Q&As to help stay focused and compliant.

Nov 3, 2022 3 min read
Are Your Written Lending Policies Keeping Pace with the Economic Environment?

Are Your Written Lending Policies Keeping Pace with the Economic Environment?

Banks, credit unions, and mortgage companies need to reassess lending policies, including fair lending, in an evolving economic environment

Oct 20, 2022 3 min read
The 8 Steps to Scoping a Fair Lending Compliance Exam

The 8 Steps to Scoping a Fair Lending Compliance Exam

The Fair Lending exam procedures starts with these steps. Determine the areas of focus for your next risk assessment or exam.

Oct 10, 2022 3 min read
8 Common Fair Lending Compliance Myths - and the Realities!
CRA

8 Common Fair Lending Compliance Myths - and the Realities!

Here are the 8 Common Fair Lending Myths - and the Realities! Learn more and get this free download to reduce your Fair Lending risk today!

Jun 27, 2022 2 min read
Is Your FI Complying with Fair Lending Laws? - Leverage Analytics

Is Your FI Complying with Fair Lending Laws? - Leverage Analytics

Is your financial institution complying with Fair Lending laws? It’s a deceptively simple question with a complicated answer.

May 12, 2022 4 min read
Fair Lending Analysis: 3 Methods for Determining Borrower Race & Ethnicity

Fair Lending Analysis: 3 Methods for Determining Borrower Race & Ethnicity

When examiners look at your loan portfolio for fair lending, they want to see how your financial institution performed across different races and...

Mar 3, 2022 2 min read
Reputation Risk & the Consequences of Lending Discrimination: A True Story

Reputation Risk & the Consequences of Lending Discrimination: A True Story

Allegations of lending discrimination can get you in trouble with regulatory agencies, along with reputation risk and other consequences.

Apr 28, 2021 2 min read
Supervisory Highlights: What We Can Learn from Others to Avoid Getting in Trouble

Supervisory Highlights: What We Can Learn from Others to Avoid Getting in Trouble

Here're the top highlights to know more about the landscape, make changes to be uncriticised, and view your business. Read the article to know more.

Apr 7, 2021 3 min read
The Cost of Non-Compliance: Lending Compliance Edition

The Cost of Non-Compliance: Lending Compliance Edition

From tens of thousands to millions of dollars, the cost of non-compliance can be painfully high.

Apr 6, 2021 6 min read
What is a Fair Lending Compliance Management System (CMS)?

What is a Fair Lending Compliance Management System (CMS)?

Now is the time for institutions to strengthen fair lending compliance management systems (CMS), including fair lending programs that ensure compliance.

Mar 31, 2021 2 min read
Let Me Tell You a Story

Let Me Tell You a Story

Let us tell you a story about a bank that works hard to comply with fair lending laws to be there for the people of Far, Far Away.

Dec 2, 2020 3 min read
New Redlining Suit: Are You Making the Same Mistake as Redfin?

New Redlining Suit: Are You Making the Same Mistake as Redfin?

Redlining made news again when the NFHA and other fair housing organizations filed a suit against Redfin, an online real estate service.

Nov 18, 2020 4 min read
What Went Wrong? CFPB Fines Bank $200,000 for HMDA Errors

What Went Wrong? CFPB Fines Bank $200,000 for HMDA Errors

This week we bring you a reminder that the CFPB could fine your bank $200,000 for HMDA data errors.

Nov 11, 2020 4 min read
HMDA Data Scrubbing FAQ

HMDA Data Scrubbing FAQ

Here are the answers to your most frequently asked questions about HMDA data scrubbing.

Nov 4, 2020 4 min read
3 Ways to Use Consumer Complaints to Manage Lending Compliance Risk

3 Ways to Use Consumer Complaints to Manage Lending Compliance Risk

Here are three ways financial institutions can use consumer complaint management to reduce compliance risk when it comes to fair lending.

Oct 14, 2020 3 min read
CFPB Proposals on Small Business Data Collection

CFPB Proposals on Small Business Data Collection

Understanding how the CFPB may implement sec 1071 of Dodd-Frank can help your FI make strategic decisions when it comes to small business data collection.

Sep 30, 2020 5 min read
Fed Releases Community Reinvestment Act (CRA) Modernization Proposal

Fed Releases Community Reinvestment Act (CRA) Modernization Proposal

After a long deliberation, the Federal Reserve released its Advanced Notice of Proposed Rulemaking (ANPR) for the Community Reinvestment Act this week.

Sep 23, 2020 3 min read
CFPB Sues Debt Collectors: Are You Making the Same Compliance Mistakes?

CFPB Sues Debt Collectors: Are You Making the Same Compliance Mistakes?

The CFPB sued debt collectors and debt buyers for making compliance mistakes that allegedly violated the CFPA and FDCPA.

Sep 16, 2020 4 min read
How to Avoid Accidental Lending Bias During the Mortgage Boom

How to Avoid Accidental Lending Bias During the Mortgage Boom

Avoid accidental lending bias during this time when home mortgage refinancing demand is at a record high and lenders are working at a frenzied pace.

Sep 2, 2020 2 min read
CFPB Fines Mortgage Company $150,000 for Deceiving Veterans: What Went Wrong?

CFPB Fines Mortgage Company $150,000 for Deceiving Veterans: What Went Wrong?

CFPB fines a California-based mortgage company $150,000 after sending veterans mailers with misleading or deceptive statements.

Aug 26, 2020 4 min read
Making Lending Fair for Everyone

Making Lending Fair for Everyone

Fair lending means lending should be fair for everyone. Here are a few steps that financial institutions should take to help ensure everyone a...

Aug 21, 2020 2 min read
FIs & Consumer Groups Agree: New GSE Mortgage Fee Is Not Fair

FIs & Consumer Groups Agree: New GSE Mortgage Fee Is Not Fair

Financial institutions and consumer groups are in an uproar and both agree the new GSE fee on mortgage refinances is not fair.

Aug 19, 2020 4 min read