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Impacts of fair lending violations

Question: 
What are the impacts of fair lending violations?
Answer: 

The impacts of fair lending violations are far-reaching. A fair lending violation will cause a “needs to improve” CRA rating, which would prevent a bank from expanding or acquiring another financial institution. Additionally, the reputation risks are significant.
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Learn more about Susan Costonis’s webinar Fair Lending for the Frontline

First published on 10/13/2019

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