The fair lending laws and the Community Reinvestment Act were passed after banks were thought to have failed in serving the credit needs of communities and disadvantaged groups. To evaluate the efficacy of these regulations, recent trends in mortgage lending activity are examined. Results show that ...
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Most Popular Lending Content Booking customer information for disregarded entitities 12/22/2024 We are in a Syndicated Deal (shared national credit) where the loan parties are all disregarded entities to an ultimate parent. The lead bank offered W9s but they showed the tax ID of the parent. ...
Wolters Kluwer Compliance Solutions will host its 28th annual CRA & Fair Lending Colloquium November 17-20 in Championsgate, Florida. Shaun Donovan, CEO and President, Enterprise Community Partners, will be the honorary keynote speaker on Monday, November 18. James C. Ballentine, a longtime ...
Mortgage brokers play an important role in the housing finance market, but they also present unique challenges to regulators attempting to enforce fair lending laws. Should lenders be held responsible for the pricing decisions of brokers from whom they receive loan applications, or should fair lending...
Fair Finance Watching Hit HomeStreet FirstSun On Lending Disparities Now Deal Dying , Nov 5 – As US bank regulators talk about working to increase the fairness of the financial system, and closely scrutinizing mergers and the spread of bad practices, banks continue to assume they can combine....
Government regulators are downgrading banks' CRA ratings because of unfair and deceptive acts or practices (UDAP) used by financial institutions such as First National Bank of St. Louis, Woodforest National Bank, and BankAtlantic. The Consumer Financial Protection Bureau's role in investigating fair-...
Chief Execs Worry about CRA, Fair-Lending, and DisclosureBank chief executives continue to rank community reinvestment and fair lending rules as well as...Henry, Shannon
Fair Lending and CRA: A Holistic Approach to Reviewing and Monitoring RiskBrian C. McCormally
Lindsey on CRA and Fair Lending