Skip to content

Fair Lending Exam Vulnerabilities

Question: 
What trips up bankers most often in Fair Lending examinations?
Answer: 

Staff - or, more accurately, lack of pre-exam staff training. Examiners will ask loan staff questions about lending policies and procedures. Uncertain or incomplete answers will lead examiners to probe further into your Fair Lending processes.

First published on 07/09/2012

Search Topics