Good afternoon, Bankers! Today we are discussing fair lending compliance management system (CMS) components and how fair lending programs can ensure compliance. This post was originally published on the Ncontracts blog.

Preventing and detecting discrimination with an active fair lending (sometimes referred to as Safe and Responsible Lending) compliance management system  is essential for all financial institutions (FIs). FIs don’t just have a moral obligation to prevent and detect discrimination—they also have a legal obligation. Lending practices or programs that negatively impact a protected class can result in fines or enforcement actions—even if the discrimination was unintentional...

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Hello,

Asking for help. Do any of you have a compliance testing/monitoring checklist/worksheet specific to a personal loan product that you are willing to share with me, please? 

Hello CBANC Family,

I am once again reaching out for help. I am hoping I can get help from you all. We will be launching an unsecured personal loan/consumer loan product in the near future, and while the loans will remain in our books,  a third party will handle the origination and servicing of these loans. Do any of you have any compliance testing/monitoring plan(s) that you are willing to share with me, please? Any guidance will be immensely appreciated. Many thanks.

I'm looking for a Redlining Risk Assessment, or at least something on the subject I can add to my current Fair Lending Risk Assessment.  Does anyone have something to share?

Redlining appears to be a hot topic these days for regulators. Was wondering if anyone had any training materials for their lenders on this subject. We use a few online training platforms for training and although mentioned in Fair Lending, it is only a sentence or paragraph and we a looking for something more in depth. Thanks for any assistance.

Confounded by Community Development? Perplexed by UDAAPs? Baffled by Beneficial Ownership? Flummoxed by Fair Lending discrimination? If so, you're not alone! Here are 7 compliance topics that are widely regarded as the most complex - with tips, tricks, and lots of great resources to help make them easier to manage. Read the post here: https://www.trupointpartners.com/blog/most-confusing-areas-of-banking-compliance-for-compliance-pros