Fair Lending: New Emphasis in 2021 and What It Means
Fair lending is always a hot topic, of course, but even more so in 2021. We have a new administration with new priorities and goals, which are already translating into additional requirements and more strict enforcement. Are you keeping up with all the changes that will impact your institution? It is more critical now than ever to ensure your fair lending program covers all the bases. There are new ways of looking at lending patterns, activities, and risks, and new expectations from the agencies. How is your fair lending program? Have you accounted for these new risks examiners are and will be looking for? This program will help you to understand the extent and particulars of new legislation and regulation, including Regulation B (ECOA), the Fair Housing Act (FHA), and guidance the regulatory agencies (including the CFPB) have introduced recently. We’ll also discuss trends in fair lending and the direction Congress, agencies, and the courts are likely to go in the near future.