by Michael Taliefero | Sep 9, 2021 | blog
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...
by Michael Taliefero | Aug 9, 2021 | blog
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...
by Michael Taliefero | Jul 21, 2021 | blog
Recent lawsuits to enforce the federal fair housing laws should serve as strong signals to lenders of an aggressive stance the government is taking regarding the enforcement of redlining under the federal fair lending laws. In Part 1, I highlighted the...
by Michael Taliefero | Jul 14, 2021 | blog
Lawsuits advanced by the U.S. Department of Justice (DOJ) and the Consumer Financial Protection Bureau (CFPB) are strong signals to lenders of an aggressive stance the government is taking regarding the enforcement of redlining under the federal fair lending...
by Dana Ginsburg | Jul 7, 2021 | blog
Several prospective customers recently shared specific things with me that they wish their fair lending software could do. They contacted me to set up a time to discuss their concerns and learn about ComplianceTech’s web-based suite of software for HMDA, CRA,...
by Dana Ginsburg | Jul 1, 2021 | blog
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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