Fair Lending is still a top regulatory priority in 2022 As a financial institution, Fair Lending compliance risk management is essential, and it's important to understand your risk in order to effectively manage it. In this post, you'll learn more about key risks and get access to a free Fair Lending quiz!
The best risk assessments are built from research, analysis, experience and collaboration. That’s according to Monica Bolin, CERP, NCRM. She’s a former chief risk officer with over 30 years of banking experience. She’s also a risk management expert on the Ncontracts product and development team.
Redlining enforcement has been on the rise since the U.S. Justice Department (DOJ) launched the Combatting Redlining Initiative in October 2021. So far it has resulted in 6 redlining cases and $84 million in settlements – and redlining enforcement is likely to continue.
When Silicon Valley Bank (SVB) collapsed, it took everyone by surprise. On Monday, no one was worried about the $200 billion-asset bank. By Friday, it was gone.