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CFPB Annual Report Shines Light on Fair Lending

CFPB Annual Report Shines Light on Fair Lending

CFPB provides great insight into today's fair lending priorities (Mortgage, Indirect Auto, Credit Card, Small Business) and common tripwires.

May 25, 2016 4 min read
Fair Lending 101: Pricing is Only One Piece of the Puzzle

Fair Lending 101: Pricing is Only One Piece of the Puzzle

Some compliance officers think Fair Lending is all about pricing risk, but it's just one piece of the puzzle. Here are the 8Fair Lending risk to know!

Apr 20, 2016 5 min read
Limited English Proficiency & Consumer Compliance: Unpeeling the Onion

Limited English Proficiency & Consumer Compliance: Unpeeling the Onion

Limited English Proficiency (LEP) is an important consideration in Fair Lending compliance. Here, we'll share regulatory perspectives and our advice.

Mar 30, 2016 5 min read
A Quick Guide to the CFPB's Supervisory Highlights Report

A Quick Guide to the CFPB's Supervisory Highlights Report

The CFPB's Winter 2016 Supervisory Report provides valuable guidance and insight to lenders about their priorities and the direction of the industry.

Mar 22, 2016 3 min read
9 Regulatory Priorities for the Next 2 Years, from the CFPB

9 Regulatory Priorities for the Next 2 Years, from the CFPB

From consumer reporting to small business lending, here are 9 regulatory compliance priorities for the next 24 months that the CFPB outlined.

Mar 17, 2016 4 min read
$2.8M Redlining Settlement Impacts Community Banks

$2.8M Redlining Settlement Impacts Community Banks

A recent $2.8M HUD redlining settlement with a $350M bank highlights the need for strong redlining risk management system. Learn more here!

Mar 9, 2016 3 min read
Fair Lending 101: Defining Fair Lending Audits, Risk Assessments, Self-Tests & More

Fair Lending 101: Defining Fair Lending Audits, Risk Assessments, Self-Tests & More

Read this short post to learn the differences between Fair Lending risk assessments, self-tests, compliance audits, data analysis and more!

Feb 23, 2016 3 min read
9 Keys for a Successful Fair Lending Compliance Management Program

9 Keys for a Successful Fair Lending Compliance Management Program

Developing a strong Fair Lending compliance management program can be difficult. Here are the 9 key elements of a strong compliance program!

Feb 18, 2016 3 min read
CFPB Interprets Statute of Limitations & Other Stories Every Compliance Officer Needs to Read

CFPB Interprets Statute of Limitations & Other Stories Every Compliance Officer Needs to Read

These are three developing compliance stories that all compliance officers need to know. You won't want to miss this!

Feb 4, 2016 4 min read
This is How We Guarantee Compliance Success for Our Clients

This is How We Guarantee Compliance Success for Our Clients

Ever wondered what TRUPOINT does, why we do it, and how we add value? Here's some detail on our approach to compliance analysis and consulting.

Jan 21, 2016 3 min read
5 Regulatory Compliance Priorities for 2016 and Beyond
CRA

5 Regulatory Compliance Priorities for 2016 and Beyond

Here are 5 regulator priorities for 2016 and beyond - use this insight to plan your compliance goals for the new year!

Jan 6, 2016 4 min read
7 Time Management Hacks for Super-Busy Compliance Professionals

7 Time Management Hacks for Super-Busy Compliance Professionals

Compliance officers deal with lots of work-related stress. Use these 7 time-management hacks to be more productive and reduce stress!

Oct 27, 2015 4 min read
Regulators Say Redlining & Pricing Risk are Fair Lending Hot Topics

Regulators Say Redlining & Pricing Risk are Fair Lending Hot Topics

Regulators shared top compliance risks in the 2015 Interagency Fair Lending Hot Topics webinar. Two of the biggest? Redlining and pricing risk.

Oct 20, 2015 3 min read
CFPB Turned High Beams on Auto Lending. Will Lenders See the Light?

CFPB Turned High Beams on Auto Lending. Will Lenders See the Light?

Learn regulatory guidance on dealer compensation based on three recent CFPB consent orders! Plus, get a free summary of the consent orders.

Oct 15, 2015 4 min read
Put Work-Life Balance in Your Compliance Budget!
CRA

Put Work-Life Balance in Your Compliance Budget!

Learn how to put work-life balance back in your compliance budget by reducing stress, improving efficiencies, and finding more fulfillment at work!

Oct 2, 2015 4 min read
7 Fair Lending HMDA Questions to Kickstart Your Compliance

7 Fair Lending HMDA Questions to Kickstart Your Compliance

All institutions must analyze their HMDA data for Fair Lending risk exposure, or risk being unprepared for the regulators. Here are 7 questions to answer.

Sep 8, 2015 5 min read
Here are the 4 Pillars of a Strong BSA/AML Compliance Program

Here are the 4 Pillars of a Strong BSA/AML Compliance Program

A risk assessment is the essential foundation for developing a BSA/AML compliance program.

Aug 13, 2015 3 min read
Why You Need to Know Your Unique Demographics to Accurately Assess Your Fair Lending Risk

Why You Need to Know Your Unique Demographics to Accurately Assess Your Fair Lending Risk

Here's a free tool to help you better understand your fair lending risk, which will provide insight into your unique market demographics.

Aug 6, 2015 2 min read
CFPB-Honda Settlement Gives 3 Options for Fair Lending Compliance

CFPB-Honda Settlement Gives 3 Options for Fair Lending Compliance

The CFPB and DOJ allegedly identified discrimination in Honda's auto lending, which led to 3 regulator-approved approaches to dealer compensation.

Jul 21, 2015 3 min read
A Friendly Reminder about Responding to Direct Regulatory Guidance

A Friendly Reminder about Responding to Direct Regulatory Guidance

When you get direct regulatory guidance, here are the four steps you absolutely need to take - regardless of your institution's size.

Jul 1, 2015 3 min read
Supreme Court Upholds FHA's Disparate Impact Theory

Supreme Court Upholds FHA's Disparate Impact Theory

Today the Supreme Court upheld disparate impact theory. Here is a quick summary of the findings, as well as links to additional resources.

Jun 25, 2015 1 min read
What the CFPB's Move to Oversee Nonbank Auto Financers Really Means

What the CFPB's Move to Oversee Nonbank Auto Financers Really Means

The CFPB's move to regulate nonbank auto finance lenders is shaking up auto compliance. Here's what the new exam procedures mean for you.

Jun 23, 2015 3 min read
5 Key Insights Every Compliance Officer Should Know

5 Key Insights Every Compliance Officer Should Know

Here are 5 key insights about regulatory compliance that all compliance officers need to know and implement, highlighted at 2015's ABA compliance...

Jun 18, 2015 3 min read
4 Emerging Compliance Themes Identified at Day 1 of the ABA RCC

4 Emerging Compliance Themes Identified at Day 1 of the ABA RCC

Here are 4 emerging compliance themes, including HMDA Plus and fair banking, identified at the ABA's annual compliance conference.

Jun 15, 2015 2 min read
5 Hot Compliance Topics to Explore at the Upcoming Compliance Conference

5 Hot Compliance Topics to Explore at the Upcoming Compliance Conference

Here are 5 hot compliance topics we're looking forward to discussing at the upcoming regulatory compliance conference!

Jun 9, 2015 2 min read
$200M Fair Lending Settlement Shows Why You Need to Know Your Numbers

$200M Fair Lending Settlement Shows Why You Need to Know Your Numbers

A recent $200 million HUD settlement shows why you it's so important that financial institutions know their numbers for fair lending compliance.

Jun 2, 2015 4 min read
CFPB Spotlights Future Priorities with Rulemaking Agenda Update

CFPB Spotlights Future Priorities with Rulemaking Agenda Update

The CFPB's recently released rulemaking agenda highlights key areas of focus. Unsurprisingly, HMDA and TRID top the list.

May 27, 2015 2 min read
3 Clear Ways to Limit Fair Lending Risk

3 Clear Ways to Limit Fair Lending Risk

We had a great time with the Indiana Bankers Association last week, and had interesting discussions about stereotypes and fair lending risk.

May 19, 2015 3 min read
A Guide to the CFPB's 2015 Fair Lending Report

A Guide to the CFPB's 2015 Fair Lending Report

The CFPB's 2015 Fair Lending report provides some key lessons on HMDA, exceptions policy, auto lending, common violations, and more.

May 5, 2015 5 min read
DOJ Delivers Reminders on Fair Lending Compliance & Discrimination

DOJ Delivers Reminders on Fair Lending Compliance & Discrimination

The DOJ's 2014 Annual ECOA Report shared these key reminders on fair lending compliance & discrimination for auto, mortgage, credit cards and unsecured con…

Apr 28, 2015 2 min read