6 Keys to Managing Resources in Fair Lending

Lenders are often faced with questions:  What resources do I need to manage fair lending? How much should I budget?  The human, technological and monetary resources needed to manage fair lending risk vary by a lender’s size and scope of...

What’s the point of fair lending monitoring?

In my experience, there are more lenders who do little to nothing to monitor fair lending than those who actively manage it.  Those that do less tend to be independent mortgage companies rather than depository institutions.   I believe there are several...

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...