Fair Lending…Everything is Fair Game!

As you already know fair lending is a major industry hot button.  This point was mentioned time and time again at the ABA Conference I attended earlier this year.  Here is what I heard from the trenches.  Everything you do is being reviewed by examiners from a fair lending perspective.  For example:

  • When an examiner is reviewing a file for the new RESPA and TILA requirements, they’re also looking for fair lending issues.
  • When an examiner reviews your website for advertising compliance, they’re looking for fair lending issues.
  • When an examiner is reviewing your lobby signage, they’re looking for fair lending issues.

The point to all this is that nothing is off limits.  Fair lending risk is present everywhere, make sure you address it before examiners arrive.

Published
2010/09/09
Jerod Moyer
Jerod Moyer

Jerod Moyer

Jerod is the leader of Banker’s Compliance Consulting’s training productions. He is a nationally recognized speaker. Whether it’s a conference, seminar, school, webinar or luncheon, it’s easy to stay engaged when he presents due to the amount of passion and energy he brings to each and every compliance topic. Jerod has spoken on behalf of the American Bankers’ Association, BankersOnline, many state banking associations, private compliance groups and financial institutions. He is a Certified Regulatory Compliance Manager (CRCM) and BankersOnline Guru. Jerod likes to spend his time (between reading regulations and producing compliance training!) relaxing at the lake with his wife and three children, following their activities or engaged in something sports-related!

Recent Posts

Advertising: Closed-End Credit Triggering Terms

Mortgage Life Cycle: Requiring Signatures

Complaints: Monitoring, Reporting & Oversight

Archives

see all topics