Fair lending issues have never truly "gone away." A bit of internal monitoring can go a long way in providing early identification and protection from those dreaded words "Mr. Banker, we are referring this to the DOJ".
Fair lending goes far beyond applicants and applications. It affects how credit products are designed; how, where and to whom they are advertised; pricing; loan servicing; delinquency and loss mitigation management; and so much more.
Recorded on December 12, 2013
Mastering the ACH Rules: 2013 in Review & The Future
Keeping up with the rules changes that affect your institution can be a challenge. NACHA's updates to the ACH Rules don't get all the "hype" that surrounds the latest Dodd-Frank-related change to mortgage rules, after all.
Fair lending violations are getting a lot of attention from examiners and from the Department of Justice. Violations can be very expensive and the damage to the reputation of the financial institution can be devastating.
A well-developed Fair Lending CMS is the best way to prevent fair lending problems in the first place. And the CMS starts with a risk assessment. Upon completion of the program you will understand how to develop a fair lending risk assessment by...