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LBA PROFESSIONAL DEVELOPMENT WORKSHOPS Fair Lending March 25, 2014 ? 9:00am 4:00pm The Bankers Center ? Baton Rouge LA The Consumer Financial Protection Bureau (CFPB) submitted a semi-annual report

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What is fair lending - lba?

The fair lending - lba refers to the Fair Lending-Loan By Application data, which is a requirement for financial institutions to report information related to loan applications.

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Financial institutions such as banks, credit unions, and mortgage lenders are required to file fair lending - lba.

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To fill out fair lending - lba, financial institutions need to gather and report information on loan applications, including borrower demographics, loan details, and application outcomes.

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The purpose of fair lending - lba is to monitor and enforce fair lending practices, ensuring equal access to credit and preventing discrimination in loan application processes.

What information must be reported on fair lending - lba?

Financial institutions must report information on loan applications, such as borrower demographics (race, ethnicity, gender), loan type, loan amount, pricing, and application outcomes (approval, denial, withdrawal, etc.).

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