The Department of Justice, in collaboration with the OCC and CFPB, launched a major new initiative to combat redlining and discriminatory lending practices, and announced the first settlement reached under the new program.
Browsing: Fair lending
Climate change is a big issue, but compliance officers are adept at issue management. Start with root cause analysis.
The Federal Housing Finance Agency today announced that Fannie Mae and Freddie Mac will be required to submit annual “equitable housing finance plans” by the end of the year.
The American Bankers Association and three other banking and mortgage groups today warned that re-codifying the Department of Housing and Urban Development’s 2013 disparate impact rule would run afoul of binding Supreme Court precedent.
The Department of Housing and Urban Development and the Federal Housing Finance Agency today announced a memorandum of understanding regarding fair housing and fair lending coordination.
Mystery shopping is a form of internal self-testing—and a technique that banks may be subjected to by external organizations. Raise your fair lending IQ with compliance-focused aspects of mystery shopping.
The Federal Housing Finance Agency issued a policy statement today stating its position on fair lending laws with respect to the entities it regulates: Fannie Mae, Freddie Mac and the Federal Home Loan Banks.
As banks move to responsibly integrate artificial intelligence and machine learning capabilities into their business processes, the American Bankers Association this week urged regulators to focus on providing greater clarity around the use of AI and ensuring that there is a consistent regulatory standard for its use across all financial services providers.
The Department of Housing and Urban Development last week proposed to recodify its 2013 discriminatory effects rule.
Panel during ABA’s Regulatory Compliance Conference discussed was how the Biden administration’s focus on racial equity could alter agencies’ approach to governance and oversight.