Last Friday the OCC released its Semi-Annual Risk Perspective report. A key finding of the report is that increased competition among financial institutions has resulted in increased credit risk due to the weakening of underwriting standards as well as the increased layering of risk in credit products such as indirect auto lending. In this environment, […]
In the current edition of the ABA Banking Journal Rich Riese, the Senior Vice President at the ABA Center for Regulatory Compliance, gave his view of the outlook for fair lending in 2013. He said “bankers can expect to see the aggressive pursuit of fair lending to continue – and grow in scope.” According to […]
FDIC Fair Lending Topics Teleconference Earlier this week the FDIC held one of their Banker Teleconference Series on Fair Lending Topics. The teleconference was broken into four sections: an overview of the fair lending exam process, criteria interviews and statistical analysis, third party providers and fair lending risk and best practices. You can find […]