While sophisticated statistical methods like regression analysis are pivotal in fair lending risk assessment, thorough physical file reviews remain a critical component of a robust fair lending compliance program. To maximize the effectiveness of your fair lending file reviews and ensure they contribute meaningfully to risk mitigation and regulatory expectations, consider the following key strategies:
The Federal Deposit Insurance Corporation (FDIC) was established in 1933 with a core mission: to...
The Consumer Financial Protection Bureau (CFPB or Bureau) is undertaking significant action by...
The Board of Governors of the Federal Reserve System (Board), the Federal Deposit Insurance...
In the complex and heavily regulated banking sector, achieving and maintaining compliance, while...
In the current regulatory landscape, financial institutions are subject to ongoing scrutiny...
Lending institutions play a critical role in the economic health of the communities they serve. The...
Acting Chairman Travis Hill of the Federal Deposit Insurance Corporation (FDIC) delivered a speech...
The Section 1071 Small Business Lending Data Collection Rule has been a significant topic in the...
The banking industry operates within a complex web of regulations, and ensuring compliance is...
