Preliminary Analysis of 2018 HMDA Data and ABA Policy Recommendations
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
Podcast: AI, Community Banks and the Compliance Jobs of the Future
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.
CFPB: Alternative Data Could Increase Availability, Lower Cost of Credit
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.
HUD Proposal Would Align ‘Disparate Impact’ Rule with Court Ruling
The Department of Housing and Urban Development will propose a new standard for bringing “disparate impact” claims under the Fair Housing Act.
How to Maintain Fair and Responsible Servicing Practices
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.
CFPB Report Highlights Fair Lending Activities in 2018
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.
Compliance in 2019: What to Expect and Where to Focus
From HMDA to CRA and from fair lending to anti-money laundering, 2019 promises to be a busy year in the world of compliance.
Hidden Tripwires in the New 2018 HMDA Rules
The rule affects compliance, operations, IT, investors, and anyone else involved in the mortgage loan environment.
10 Real Estate Finance Policy Issues to Watch in 2019
The rapid pace of change will continue in 2019, ABA policy staff project.
Survey: Bankers’ Compliance Concerns Ease in 2018
In a year that saw passage of a major regulatory reform law, U.S. financial institutions’ anxiety levels over compliance obligations eased significantly, according to a survey released this morning by Wolters Kluwer.