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...

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...