Complying with fair lending regulations to ensure all customers have access to fair, equitable and nondiscriminatory access to credit is often a challenge for many banking institutions. As the Consumer Financial Protection Bureau (CFPB) continues to enforce existing laws at a steady and rigorous pace, and with the consequences of non-compliance being severe, there is mounting pressure for banks to administer annual fair lending reviews to help identify potential discriminatory lending practices within their institution.
Watch our complimentary on-demand webinar for a discussion that explores: