This podcast episode discusses Fair Lending and focuses on examiner comments and specific examples of issues from regulators. The hosts, Len and Dean, discuss a scenario where a Compliance Officer or Fair Lending Officer in a community bank reviews loans for evidence of disparate treatment (Redlining). They find a series of portfolio loans where the borrowers received more favorable terms in the form of a better rate, and in each case, all were white men applying alone. Upon further review, they find that these exceptions were never submitted to the loan committee for approval, which is required by policy.
The episode then lists several examiner comments on Fair Lending, including appropriate documentation of exceptions within files, tracking mechanisms for exceptions, and reviewing exception log reports periodically. They caution against the quality of fair lending risk assessments, which must include sufficient qualitative and quantitative detail as to the overall risk profile of the institution.
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Section 1071
Community Development under CRA
Fair Lending Appraisal Bias
Impending Changes to CRA & imminent publication of Dodd-Frank Section 1071 Rule
BSA Basics
REMA’s: Their Use and Abuse by Regulators in the war against redlining
2023 Regulatory Hot Topics
Pending CRA Proposed Rule
While Fair Lending remains a hot topic, do not forget about the technical provisions of ECOA and FHA.
The coming Climate Risk Regulations
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Maxine Waters CRA Surprise: HR 8833
Compliance Management Systems in 2022
How is the CRA Rule being enforced in the field?
Fair Lending remains are of interest for regulators
The new 2022 Census Tracts and their Impact on Banks.
UDAAP and CFPB Application of Unfairness`
Flood Violations Continue to Surge
Urgent 🔥🔥The 2022 CRA NPR description🔥🔥
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