Skip to content

Commercial loans are fair lending issues

Answered by: 

Question: 
How does fair lending impact commercial loans, which is not “consumer protection” controlled?
Answer: 

Reg B applies to commercial accounts and is rooted in fair lending protections. The first day PPP loans were available, lawsuits were filed because some big banks were, among other things, limiting PPP loans to existing customers. The allegations were that this could be discriminatory. There was anecdotal evidence that a racial bias also factored into PPP loan decisions.
-----------------------------
Learn more about Andy Zavoina’s webinar
Fair Lending Should be on Your Radar Now

First published on 09/13/2020

Banker Store View All

From training, policies, forms, and publications, to office products and occasional gifts, it’s available here:

Banker Store

hot right now

image description

Looking for effective, convenient training on a particular subject?

BOL Learning Connect offers more than 200 courses ON-DEMAND or on CD ROM from AML to Reg Z and every topic in between.

Search Topics