Your institution might be using compliance analytics software and services for Fair Lending, HMDA, CRA, or Redlining so that it can recognize risks, increase transparency and grow smartly. But are you making the most of that data from a risk management perspective? Not if that data is only used by the lending, credit, or compliance departments. While compliance and lending are the most closely linked to Fair Lending risk, the truth is that Fair Lending extends into many operational areas. From marketing to the location of new branches to M&A, Fair Lending risk has a role to play in decision making.
We are entering the last quarter of 2019, and now is a perfect time for compliance professionals to reflect on the changes we’ve seen so far. Here are five fair lending lessons learned this year.
Last week, on August 30, the FFIEC released the 2018 HMDA data, aggregated into one file. This HMDA data is a powerful and essential resource for the industry. Here are 7 fast facts your financial institution need to know.
The Independence Day holiday is coming up! As we prepare to celebrate the U-S-of-A tomorrow, we wanted to have a little fun with compliance today. In this post, you'll learn what is sparking fireworks in Fair Lending compliance this year. This is the future of Fair Lending compliance and enforcement! Especially after the recent enforcement action, this is news you'll want to know.
Learn three essential trends shaping the compliance industry we've discovered after speaking with industry pros, compliance officers, lobbyists and regulators! These three key takeaways are important for every banking compliance professional to consider as they move forward in a rapidly changing regulatory environment.
Although the compliance landscape has been relatively stable lately, it remains essential for compliance pros to keep their wits sharp. In this article, you'll gain five valuable, and free compliance resources that you can download and share with your colleagues. One of them is even a brand-new Fair Lending training module that you can use at your financial institution!