FairLending

Fair lending compliance isn't just about passing your next exam—it's about ensuring your institution treats every applicant fairly and consistently. A thorough self-assessment helps you identify potential issues before examiners do, demonstrate proactive risk management, and protect your institution from costly enforcement actions. This guide walks you through conducting a comprehensive fair lending self-assessment using the same methodology regulators use when they examine your institution. Why Conduct a Fair Lending Self-Assessment? The regulatory agencies—OCC, FDIC, Federal Reserve, NCUA, and CFPB—expect financial institutions to have robust fair lending compliance programs. A self-assessment demonstrates that you're not just reactive to problems, but proactively…

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