Question: I recently went to a seminar on fair lending in which a speaker stated that we should not be taking copies of loan applicants' drivers licenses.
At a recent meeting of the Washington, D.C.
ACLU has filed a private lawsuit under the fair lending laws against a mortgage banker based in Mt. Laurel, New Jersey.
Congress's efforts at burden relief often fall short of the mark. However, one important feature in this year's banking act provides protection for fair lending self assessment.