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!
As a compliance officer, Fair Lending is likely one of your top areas of concern. Financial institutions need to not only conduct data analysis and review policies, but also provide Board and Senior Management training and stay aware of regulatory priorities like Redlining.
Fair Lending compliance risk management is complex, but having a clearer understanding of your risk and your data will make it easier. Before we get started, there are five things to remember about Fair Lending:
We've built an interactive quiz that will help you understand potential Fair Lending risk exposure. While it's not to be used as a complete risk assessment, it does ask questions about some of the most important areas of a Fair Lending compliance management program.
Just click the button below to take the quiz today!