Discover Home Loans and Ncontracts partner to streamline the mortgage process for customers
Ncontracts and QuestSoft's lending solutions team has collaborated with Discover Financial Services on a new automated prequalification review.
The CFPB’s Focus on Avoiding Foreclosures: What You Need to Know
After one year into the pandemic, the CFPB says that financial institutions have had time to adapt, and protecting consumers is the CFPB’s top priority.
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.
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.
The Cost of Compliance in 2021
Compliance isn’t cheap—but how much does it really cost the financial services industry and financial institutions like yours in 2021?
What’s An “Abusive” Practice? CFPB Reverts to 2019 Definition
The CFPB has announced its intention to return to broad enforcement of the “abusive acts and practices” element of UDAAP, reverting to the 2019 definition.
Lending in NY State? Make Sure Your Fair Lending CMS Is Strong
The New York Department of Financial Services (NYDFS) has increased its scrutiny of fair lending and redlining this year, making it more...
4 Ways to Relieve the Stress of Being a Compliance Officer
Compliance can feel like a race with no finish line. Here are some sources of stress for a compliance officer and 4 ways on how to relieve it.
The HMDA Submittal Deadline is Almost Here: 4 Questions You Should Not Be Asking
Let us revisit some of the impactful fair lending enforcement actions, fines, and lawsuits of 2020. These blogs break down what went wrong and...
How Robust Is Your Lending Compliance Program?
The best way to accomplish a robust lending compliance program will ensure you can quickly and thoroughly adapt and respond to any lending compliance risk.
3 Ways to Mitigate Redlining Risk
Enforcement actions, reviewing lending data, and taking proactive actions are 3 ways to mitigate redlining risk.
Lending Compliance & Non-English Speakers: What You Need to Know
A financial institution that has customers in languages other than English need to consider ECOA, UDAAP, and other lending compliance risks.
3 Compliance Lessons from Capital One’s $390M BSA/AML Fine
Capital One Bank's $390 million civil money BSA/AML fine from FinCEN brings us 3 compliance lessons.
Lending Compliance 2021 Outlook: What to Expect from the Biden Administration
How will things change during the Biden Administration? Insiders predict aggressive rule writing and enforcement in our 2021 lending compliance outlook.
Common Credit Union Fair Lending Mistakes & How the NCUA Decides Which Institutes to Examine
What are the most common fair lending mistakes at credit unions? How does the NCUA decide which credit unions will be examined?
A Guide to 2020’s Top Fair Lending Enforcement Actions, Fines, and Lawsuits
Let us revisit some of the impactful fair lending enforcement actions, fines, and lawsuits of 2020. These blogs break down what went wrong and how...
3 Top Takeaways from the 2020 Fair Lending Interagency Webinar
The Federal Reserve hosted representatives at the interagency webinar from the regulatory agencies to share the top 3 fair lending takeaways and trends.
Are You Prepared to Defend Your PPP Lending?
Regulators are examining PPP lending, be sure your financial institution is prepared to defend your loan decisioning.
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.
Lending Compliance: Building Up the Three Lines of Defense
A financial institution’s lending compliance management system must effectively guard the FI against unnecessary risk with these three lines of defense.
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.
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.
HMDA Data Scrubbing FAQ
Here are the answers to your most frequently asked questions about HMDA data scrubbing.
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.
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...
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.
Fair Lending Enforcement Is Heating Up: Avoid These 3 Mistakes
It’s been a busy summer for fair lending compliance enforcement. Both the CFPB and the Justice Department have been cracking down on Fair Lending...
6 Tips for Telling Your PPP Fair Lending Story
It is important to be able to tell your Paycheck Protection Program (PPP) Fair Lending story. We’re giving you 6 key tips to help you do it.
5 Headlines That Illustrate the Future of CRA Compliance
When it comes to Community Reinvestment Act (CRA) compliance, the pressure is on! Here are 5 headlines that provide a peek at the future of CRA compliance.
5 Major Trends Reshaping Today's Lending Compliance Landscape
The financial landscape is evolving, pushed by compliance pressure and changing consumer behavior. Check out this infographic of 5 trends reshaping lending