9 Key Observations from the 2013 HMDA Data By The Numbers
The Federal Reserve recently released analysis of the 2013 HMDA data release. Here are 9 key observations from the HMDA data analysis.
Fair Lending & PPP: Who Tells Your Story?
The Paycheck Protection Program is becoming a hot topic in Fair Lending. Who is going to tell your PPP Fair Lending story?
OCC Says Fair Lending Risk Is on the Rise
The OCC notes that overall compliance risk is increasing, calling out Fair Lending risk, in particular, is on the rise.
Second “Buy Here, Pay Here” Auto Dealership in Hot Water Over Fair Lending
Second case of “buy here, pay here” auto dealership in hot water with authorities for Fair Lending violations.
ABA Bank Compliance Magazine: Rolling the Dice on Ethics
ABA Magazine, Rolling the Dice on Ethics explores research and case studies to understand the relationship between compliance and ethics.
What the Fed Chair has to Say About Fair Lending Enforcement
We’ll check in on Federal Reserve Chairman Jerome Powell’s latest comments on Fair Lending enforcement.
Unfair Lending: FTC Settlement Shows What Happens When Lending Policies Are Just Wrong
Here at Ncontracts, we tend to emphasize the important role of policies and procedures in ensuring Fair Lending compliance.
PPP: Fair Lending Fields in the Forgiveness Application & Updated Law
Just when you think you’ve finally wrapped your head around the Paycheck Protection Program (PPP), new information changes your outlook.
Fair Lending FAQs: Small Businesses & the Paycheck Protection Program
The Paycheck Protection Program (PPP) has proven a more-than challenging endeavor for financial institutions.
Fair Lending FAQs Part 1: Exam Outlook, CRA & Mortgage Forbearance
Fair lending is always a hot topic. This is especially true when there are regulatory changes and lenders are scrambling to decipher the unintended...
Fair Lending Pitfall #3: The CARES Act & PPP
Do you like your small business lending with a side of controversy? If so, you’ve probably been actively monitoring the Paycheck Protection...
How COVID-19 Is Impacting Fair Lending Compliance
Small business loan demand is through the roof thanks to government assistance programs, while low mortgage rates have resulted in high demand
Fair Lending Pitfalls #2: The CARES Act & Reporting Delinquencies
When Congress passed the Coronavirus Aid, Relief, and Economic Security Act (more commonly known as the CARES Act) last month...
Fair Lending Pitfalls: The CARES Act & Mortgage Loan Servicing
Congress passed the Coronavirus Aid, Relief, and Economic Security Act (more commonly known as the CARES Act) last month, learn how it effects you.
How Regression Analysis Can Help Your Fair Lending Program
Regression analysis is an incredibly useful tool, but many lenders are hesitant to embrace it because they think it’s too complicated. It’s a...
Educational Redlining Report Raises Questions About Fair Lending
Imagine a 24-year-old analyst applying to refinance a $30,000 student loan. He lives in New York City, makes $50,000 a year, and has held his job...
CFPB Offers New Category of Guidance with “Compliance Aids”
The Consumer Financial Protection Bureau (CFPB) has historically provided an array of compliance resources including, compliance...
Wells Fargo Settles Philadelphia Fair Lending Suit for $10 Million
Regulatory fair lending enforcement actions have been quiet lately, but that doesn’t mean there aren’t consequences for alleged violations.
Tips for Prepping Commercial Lenders for Fair Lending Changes Ahead
Commercial lenders have a reputation for thinking they don’t need to worry about compliance and fair lending.
Is HMDA for Small Business on Its Way?
Regulatory agencies have been emphasizing the importance of a strong and effective CMS. Find out four ways to streamline your CMS.
Fair Lending Risk: Do You Have a Seat at the Risk Management Table?
Your institution uses compliance analytics software and services for fair lending, HMDA, CRA, and redlining so that it can recognize risks, increase...
Apple Card’s Fair Lending Fiasco
While those tracking the mortgage industry have been digging through the new, expanded Home Mortgage Disclosure Act (HMDA) data, other types of Fair...
All the Fair Lending News That’s Fit to Print
2019 has been a big year for Fair Lending news. We catch you up on the latest.
5 Fair Lending Lessons Learned in 2019
Now is perfect time to reflect on some of the lessons learned this year. In particular, we’ve seen lots of changes in Fair Lending compliance.
5 Fair Lending Lessons Learned in 2019
As Q4 approaches, it's time for compliance professionals to reflect on the changes we’ve seen so far. Here are 5 fair lending lessons learned this year.
15 Key Insights from the CFPB Fair Lending Report [Part Two]
Check out the second half of our two-part series on the CFPB's 2018 Fair Lending Report. If you have to comply with Fair Lending, this post is for you.
15 Key Insights from the CFPB’s 2018 Fair Lending Report [Part One]
The CFPB's released the 2018 Fair Lending Report to Congress in June. Here is the first of our 2-part blog about the regulatory insights you need to know.
CU Broadcast Interviews Stephanie Lyon on Compliance Management System for Financial Institutions
Our very own Director of Compliance, Stephanie Lyon, talks with Mike Lawson from CU Broadcast about the company's new CMS solution for FIs.
2 Key Elements of a Successful Compliance Management System from the CFPB
Learn the two essential components of any successful Compliance Management System (CMS) to ensure that your financial institutions is in shape.
This $25M Settlement Highlights UDAAP Risk and FDCPA Changes
This recent $5M Civil Money Penalty from the CFPB against a debt collector highlights the importance of compliant debt collection practices. Learn more!