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.
Inside USAA’s CRA Rating Downgrade and $85 Million Penalty
USAA’s CRA rating was downgraded after the OCC found llegal credit practices which cost USAA $85 million in penalties.
3 Ways to Use Consumer Complaints to Manage Lending Compliance Risk
Here are three ways financial institutions can use consumer complaint management to reduce compliance risk when it comes to fair lending.
CFPB Proposals on Small Business Data Collection
Understanding how the CFPB may implement sec 1071 of Dodd-Frank can help your FI make strategic decisions when it comes to small business data collection.
Fed Releases Community Reinvestment Act (CRA) Modernization Proposal
After a long deliberation, the Federal Reserve released its Advanced Notice of Proposed Rulemaking (ANPR) for the Community Reinvestment Act this week.
CFPB Sues Debt Collectors: Are You Making the Same Compliance Mistakes?
The CFPB sued debt collectors and debt buyers for making compliance mistakes that allegedly violated the CFPA and FDCPA.
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.
CFPB Fines Mortgage Company $150,000 for Deceiving Veterans: What Went Wrong?
CFPB fines a California-based mortgage company $150,000 after sending veterans mailers with misleading or deceptive statements.
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...
COVID-19 Loan Relief: 3 Risk Management & Fair Lending Tips
Financial institutions have been working with borrowers struggling as a result of the COVID-19 pandemic. Here are 3 risk management and fair lending tips.
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
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.
9 Reasons Why the Best CEOs Will Thank their Compliance Officers
Here are 9 reasons why the best CEOs, managers, and Board are thankful for their compliance team during Thanksgiving, and all 12 months of the year.
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.
Does Your CMS Measure up to DOJ Expectations?
That means it’s in a FI’s best interest to look so they can feel confident that existing policies and procedures align with DOJ expectations.
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.
OCC Releases Final CRA Modernization Rule: What You Need to Know
The OCC released its final Community Reinvestment Act (CRA) rule last week, shortly before Comptroller Joseph Otting stepped down.
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...