My intuition passed it’s last two fair lending exams. Our program is fine.

Answered by:

Question:

Why should I worry about fair lending, my intuition passed it’s last two fair lending exams. Our program is fine.

Answer:

New and emerging risk continue to rise and cause challenges to unprepared financial institutions. Int eh last 18 months there has been guidance on sex and gender identity, robo redlining, and appraisals. Each of these present specific challenges to al institutions and should be understand so that fair lending risk can be mitigated.

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Learn more about Kimberly Boatwright’s Fair Lending Essentials for 2023 and Beyond webinar.