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#2093199 - 08/15/16 03:13 PM Fair Lending Question
kansas9839 Offline
Junior Member
Joined: May 2016
Posts: 43
I had a general question about Fair Lending an how it relates to redlining. I am having to provide information to my manager to help quantify why we should close down branches in majority minority areas and how we can make sure that we are not accused of redlining. Everything I have read about the banks that have been accused of redlining states that the cases brought before them are due to the fact that these banks have not provided loans in majority minority areas. From all I read, they charge higher rates than non minority people. In addition, the loan officers are not reflective of the people they are serving in the community. Are their specifics on how close a branch should be to a majority minority area? I really need help on all of this as I can't find anything out there. Thank you.

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Fair Lending
#2093211 - 08/15/16 03:32 PM Re: Fair Lending Question kansas9839
JC (Darth HMDA) Offline
Diamond Poster
JC (Darth HMDA)
Joined: Dec 2013
Posts: 1,399
CA
I would contact a consultant to do a branch closing impact analysis. There are a few on this site that may respond.
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The opinions expressed are mine, do not represent the opinions of my employer, and they are not to be taken as legal advice.

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#2093222 - 08/15/16 03:47 PM Re: Fair Lending Question JC (Darth HMDA)
kansas9839 Offline
Junior Member
Joined: May 2016
Posts: 43
I'll message Kathleen. I am connected with her on LinkedIn. Thanks Darth HMDA!

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#2093253 - 08/15/16 05:25 PM Re: Fair Lending Question kansas9839
Len S Offline
Diamond Poster
Joined: Oct 2004
Posts: 2,084
Connecticut
We've done quite a few for banks. It you're interested just e-mail me or pm me and I can give you inforamtion
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#2093270 - 08/15/16 06:16 PM Re: Fair Lending Question Len S
kansas9839 Offline
Junior Member
Joined: May 2016
Posts: 43
Len, What is your email? I do have questions. I pm Kathleen on LinkedIn. Thank you so much!

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#2093877 - 08/18/16 12:49 AM Re: Fair Lending Question kansas9839
Rocky P Online
Power Poster
Joined: Jun 2003
Posts: 7,650
Florida
Kansas - for the e-mail, click on the name, then on the profile
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