List of articles

Auto Fair Lending: Do you monitor Dealer Markup?

The recent fair lending settlement announced by the New York State Department of Banking related to auto loans should put all auto lenders on notice.   According to the settlement in New York State, two lenders failed to monitor automobile dealers that were...

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10 Blind Spots in Fair Lending Risk Management

Normally, when one thinks of the term “blind spot” our mind immediately goes to driving a car and what we can’t see in either our rear-view or side-view mirrors.  What we cannot see is affected by our past driving experience, our vantage point or our location in...

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How Well do You Really Know Your HMDA Peers?

Questionable HMDA annual income values can compromise the integrity of fair lending and Community Reinvestment Act (CRA) analysis. This field seems straightforward, right? The lender reports the “gross annual income relied on in making the credit decision”. The lender...

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Interesting Facts About the 2019 HMDA Data

The CFPB released the final 2019 National Snapshot HMDA data about three months earlier than last year, and ComplianceTech has refreshed LendingPatterns™ with the latest data.  An initial review of the data reveals the following interesting facts. There were a total...

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