Links in “Fair Lending”
- How the NCUA Targets CUs to Audit for Fair Lending
Fridayâs webinar sponsored by NCUA highlighted how the agency selects the 25 credit unions it will audit for Fair Lending compliance in 2015: HMDA data outliers; member and whistleblower complaints; prior regulatory violations; general compliance risks; and recommendations from field examiners. NCUA also plans to conduct 50 offsite supervisory contacts this year, as well. [2/23/15]
- Fair Lending in Marketing Trends
Do you know the red flags that regulators are currently watching to identify potential violations of fair lending requirements in marketing and advertising practices? This article looks at enforcement trends, the issues that need to be addressed regarding targeted marketing campaigns, and the need to ensure that differences in lending practices are based on credit-related factors. [2/6/15]
- NCUA to Host Fair Lending Webinar
NCUA staff will conduct a free webinar on February 20th at 2:00 pm EST on fair lending and HMDA compliance. The webinar is designed to focus on the agencyâs examination process, best practices, and common HMDA reporting errors. [2/3/15]
- Was Ocwen Cherry Picking Loans for Compliance Review?
Ocwen workers who picked loans for review weren't independent from management, which may be sloppy or "could be more." A federal monitor is looking into a whistleblower's report. [12/16/14]
- The Fair Lending Self-Assessment âMiracleâ on Ice
What do hockey and fair lending have in common? AffirmX's Ken Agle explains. [12/16/14]
- Subprime Auto Lending Probes Expanding to Include Banks
In addition to automakers' own lending arms, the probe for discriminatory practices in subprime auto lending has now grown to include Santander and TD Bank. [12/15/14]
- Disparate Impact Has a Date
After two prior cases were settled before it could weigh in on the matter, the Supreme Court has set what is considered to be an expeditious date to hear oral arguments in the third disparate impact case: Jan. 21, 2015. [11/25/14]
- Judge: HUD’s “Disparate Impact” a Desperate Overreach of Authority
While a similar case before the Supreme Court could change things, a federal judge has ruled that HUD overreached its authority by going after companies for practices that had a discriminatory effect, even if they weren't discriminatory at face value. The judged called it "yet another example of an administrative agency trying desperately to write into law that which Congress never intended to sanction." [11/4/14]
- Mark Your Calendar for the Joint Agency Fair Lending Webinar
On October 22nd, the federal banking regulators will be presenting a webinar on emerging fair lending issues. This is a hot button issue with all of the regulatory agencies, so donât miss this opportunity to get direct information about their areas of concern. [10/10/14]
- Fair Lending: Creating a Complete Picture
When it comes to fair lending, many institutions leave the picture of their performance incompleteâthey know their own numbers, but they fail to give these numbers context based on a comparison to such factors as population, income, age, gender, etc. In this article, AffirmX EVP Ken Agle teaches that analyzing your fair lending data in the right conditions can allow you to make accurate assumptions and derive important conclusions. [10/7/14]
