Financial regulatory agencies today are especially focused on risk in their supervision practices. This includes both compliance related matters as well as safety and soundness.
The FDIC recent released its Winter 2016 edition of Supervisory Insights. This edition was focused on credit risk trends.
Understanding and managing loan policy exceptions is critical to a financial institution’s fair lending compliance. In this article we explain policy exceptions and describe the different types of exceptions. How an institution defines policy exceptions is also critical and will be the subject of another post.