Fair Lending in the Time of COVID: Trends from the CFPB & OCC
We may be weary from living it and reading about it, but COVID-19 continues to impact every aspect of everyday life—including fair lending...
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.
COVID-19 Update: CFPB Postpones HMDA Data Collection
As financial institutions scramble to maintain operations and aid customers and members as COVID-19 continues to spread, the Consumer Financial Protection …
Covid-19 Risk Management: Balancing CRA & Fair Lending
The Federal Reserve Board, the FDIC, and the Office of the Comptroller of the Currency encourage financial institutions to work with affected customers
Coronavirus, HMDA, and Doing the Next Right Thing
As we struggle with disruption and uncertainty, as the coronavirus upends the routines of our lives, it’s natural to feel overwhelmed and unsure...
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...
How to Make the Most of Expanded CRA Modernization Comment Period
Bowing to criticism that a 60-day comment period is unusually short and not enough time for in-depth analysis, the Office of the Comptroller...
What Should I Do Before Submitting My HMDA Data?
Here are 5 steps you need to take before filing your HMDA LAR!
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.
Fed Strategies for Managing Fair Lending Risks of Digital Redlining
The Community Reinvestment Act (CRA), the OCC and the FDIC finally released their proposed rulemaking for the regulation’s first overhaul in 25 years.
FDIC & OCC Release CRA Notice of Proposed Rule Making
The OCC and the Federal Deposit Insurance Corp (FDIC) finally released their notice of proposed rulemaking for the regulation’s first overhaul in 25 years
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.
Compliance Managed: Four Ways to Streamline a CMS
Regulatory agencies have been emphasizing the importance of a strong and effective CMS, they’ve given financial institutions a lot of flexibility in...
NCUA: HMDA Violations Thrive in Weak CMSs
Why do Home Mortgage Disclosure Act (HMDA) Loan Application Register (LAR) violations happen? Weaknesses in compliance management...
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.
OCC Hopes to Issue Joint CRA Proposal This Fall
Comptroller of the Currency Joseph Otting is hopeful that a joint CRA modernization proposal will be issued on an interagency basis this fall.
Can You Adopt an Agile Approach to Compliance?
One of the buzzwords in business these days is “agile.” If you’re looking to learn more about what an agile approach is, and how it can be used in...
3 Benefits of Analytics Software vs. Manual Analysis of Your HMDA Data
Are you still analyzing your Fair Lending data manually? If so, it’s time to consider a different approach. Here are the benefits of replacing a manual...
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.
School's in Session: 3 Tips to Help You Ace Compliance
Here are three essential, timeless tips for you to remember to ensure that you achieve your compliance goals in 2019 and beyond.
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.