Small Bank Monitoring

A Survival Strategy: What Can Regression Analysis Do For You?

“Monitoring is not an option”- a quote from a speaker at the recent American Bankers’ Association (ABA) fair lending conference in reference to fair lending monitoring. In today’s fair lending compliance environment, compliance officers are besieged with new regulations as well as new requirements for old regulations.  How do you survive?  Multiple strategies are probably […]

Fair Lending Compliance Services

Fair Lending Hot Topics Webinar Summary

Introduction  Recently the Non-Discrimination Working Group of the Financial Fraud Enforcement Task Force presented a webinar entitled “Fair Lending Hot Topics.”  Presenters and their topics were: U.S. Department of Justice – “Recent Fair Lending Enforcement Efforts” Federal Deposit Insurance Corporation – “Risk Assessment” Consumer Financial Protection Bureau – “Fair Lending Compliance Management” National Credit Union […]

GFI Mortgage Settlement: Not Your Usual DOJ Case

On August 28th the Department of Justice announced the GFI Mortgage settlement that resulted in a restitution fund, a civil money penalty (CMP) and significant administrative requirements. Facts ·         The case originated as a HUD referral to DOJ, not a referral from a regulator such as the OCC, FDIC, Federal Reserve or CFPB. ·         DOJ […]