While those tracking the mortgage industry have been digging through the new, expanded Home Mortgage Disclosure Act (HMDA) data, other types of Fair Lending data have been making news. This time instead of race or geographic location, it’s an issue of gender. The New York State Department of Financial Services is investigating whether the Apple Card discriminates against female applicants, offering them substantially less credit than male applicants.
According to FDIC Chairman Jelena McWilliams, there is a chance that the agencies will end up not reaching an agreement on CRA modernization. We catch you up on what she means and what could end up happening.
2019 has been a big year for Fair Lending news. In this post, we catch you up on the latest.
The NCUA defines a compliance management system as a credit union’s overall approach to managing compliance risk. What does that mean for you?
After a summer spent visiting communities to see where the Community Reinvestment Act (CRA) has succeeded, and understanding where it can be improved, Comptroller of the Currency Joseph Otting said he is hopeful that a joint CRA modernization proposal will be issued on an interagency basis this fall.
One of the buzzwords in business these days is “agile.” If you’re looking to learn more about what an agile approach is, and how it can be used in compliance, this post is for you.