Banks want to expand safe and sound lending across the board and remain committed to enhancing the availability of credit to all qualified borrowers.
Browsing: Fair lending
Former Comptroller of the Currency Eugene Ludwig talks about the current state of artificial intelligence in banking and the outlook for community banks and compliance professionals.
The use of alternative data in credit decisions could make a significant difference in the cost and availability of credit for consumers, according to a new blog post published yesterday on the CFPB’s website.
The Department of Housing and Urban Development will propose a new standard for bringing “disparate impact” claims under the Fair Housing Act.
As the days and months pass, compliance officers often reflect on the bank’s compliance program, its accomplishments, and what is yet to come. In the case of customer account servicing, the message is clear. Quality and fairness in servicing continues to be in the spotlight.
The Consumer Financial Protection Bureau recapped its efforts in 2018 to fulfill its statutory mandate to ensure consumers are protected from discrimination in its seventh Fair Lending Report issued recently.
From HMDA to CRA and from fair lending to anti-money laundering, 2019 promises to be a busy year in the world of compliance.
The rule affects compliance, operations, IT, investors, and anyone else involved in the mortgage loan environment.
The rapid pace of change will continue in 2019, ABA policy staff project.