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LBA PROFESSIONAL DEVELOPMENT WORKSHOPS Fair Lending in 2016 What's on the Horizon? March 10, 2016 9:00am 4:00pm The Bankers Center Baton Rouge, LA Did you know that the CFPB spent one third of their
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Financial institutions such as banks, credit unions, and mortgage lenders are required to comply with fair lending regulations. They need fair lending 3-10-16 as part of their ongoing efforts to ensure fair and equal access to credit for all individuals.
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Fair lending 3-10-16 refers to the Fair Lending Examination Procedures that were updated and revised on March 10, 2016.
Financial institutions and lenders are required to file fair lending 3-10-16.
Fair lending 3-10-16 should be filled out following the guidelines outlined in the Fair Lending Examination Procedures of March 10, 2016.
The purpose of fair lending 3-10-16 is to ensure that financial institutions and lenders are not engaging in discriminatory lending practices.
Fair lending 3-10-16 may require reporting on loan data, borrower information, and details of lending practices to assess for any signs of discrimination.
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