Fair Lending: Understanding Your Data

One of the most important things when it comes to Fair Lending, from a Board’s perspective, is understanding the data. If your institution is subject to HMDA, your loan officers are charged with collecting/reporting a whole lot of data on certain loan applications. The intent of which is to help examiners determine if you are being discriminatory in your lending practices. As the Section 1071 requirements start taking effect, there will be even more data that could reflect positively or negatively on your institution. Institutions need to analyze their data and share their findings with the Board. No one wants to be surprised when the examiners arrive!

Jerod explains more in the video.


Fair Lending Resources!

Published
2024/09/23

 
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

Consent Order for Surprise Overdraft Fees

Congress Mandates Monthly Installments for Flood Insurance

Compliance Officers & Teamwork

Archives

see all topics