Examiners are now paying particular attention to consumer loans. The problem is that as a lender, you are not allowed to collect race, ethnicity, or gender on these loan types. Without these demographic identifiers, it is impossible to analyze the loans for Fair Lending compliance.
TRUPOINT’s Consumer Loan based Fair Lending Analysis appends gender, ethnicity, race, and location to each loan. Similar to the analysis performed by the regulators, TRUPOINT analyzes the consumer loan portfolio for interest rate and term disparity.
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