The Consumer Financial Protection’s fair lending work “is and will continue to be a critical component of the bureau and the federal government’s response to the pandemic and the elimination of racial injustice,” the bureau noted this week in its annual Fair Lending Report to Congress.
Browsing: Fair lending
A quarter into the year, a quick check on how key areas are changing, with some important suggestions.
The Consumer Financial Protection Bureau will increase its supervision and enforcement efforts to ensure that companies delivering COVID-19 relief are meeting their legal obligations and protecting consumers, Acting CFPB Director Dave Uejio said today.
Building a robust fair lending program and demonstrating compliance is not easy, but merely avoiding unlawful credit discrimination doesn’t need to be the ultimate goal. Here are ways for compliance professionals to promote equity and financial inclusion.
. . . and other questions in ABA’s Regulatory Policy and Compliance Inbox.
A global pandemic, a struggling economy and a new administration throw wrenches into risk managers plans for the year ahead.
Banks moved heaven and earth to help clients through COVID-19. While examiners are stepping cautiously in exams, bankers must prepare for more probing questions.
In light of the challenges throughout 2020, a high compliance priority will be ensuring that your interactions with your borrowers are above reproach.
The Department of Housing and Urban Development today finalized its revised standard for bringing “disparate impact” claims under the Fair Housing Act.
Can a Bank Lose its Small Servicer Exemption if it Originates Mortgage Loans That It Sells But Still Services?
…and other answers to your compliance questions in the September/October 2020 ABA Regulatory Policy and Compliance Inbox.