FHFA Issues Fair Lending Policy Statement
The Federal Housing Finance Agency issued a policy statement today stating its position on fair lending laws with respect to ...
Tag: Fair lending
ABA: New Regulations Not Needed to Address Banks’ Use of AI
As banks move to responsibly integrate artificial intelligence and machine learning capabilities into their business processes, the American Bankers Association ...
HUD to Propose Reinstating 2013 ‘Disparate Impact’ Rule
The Department of Housing and Urban Development last week proposed to recodify its 2013 discriminatory effects rule.
Agencies Take Risk-Based Approach to Racial Equity and Fair Lending Oversight
Panel during ABA’s Regulatory Compliance Conference discussed was how the Biden administration’s focus on racial equity could alter agencies’ approach ...
When Must Banks Refund Mortgage Escrow Surplus?
Questions and answers from the May/June 2021 ABA Regulatory Policy and Compliance Inbox.
Powell: Broad Effort Needed for All to Benefit from Economic Recovery
The Federal Reserve is focused on addressing “long-standing disparities” in unemployment, “because they weigh on the productive capacity of our ...
CFPB: Fair Lending Critical to Pandemic Response, Reducing Racial Inequities
The Consumer Financial Protection’s fair lending work “is and will continue to be a critical component of the bureau and ...
2021 Compliance Priorities, Updated
A quarter into the year, a quick check on how key areas are changing, with some important suggestions.
Acting CFPB Director Pledges Aggressive Approach to Supervision, Enforcement
The Consumer Financial Protection Bureau will increase its supervision and enforcement efforts to ensure that companies delivering COVID-19 relief are ...
Your Fair and Responsible Banking Program in 2021 and Beyond
Building a robust fair lending program and demonstrating compliance is not easy, but merely avoiding unlawful credit discrimination doesn’t need ...
