It is stated that fair lending risk assessment process gives a financial institution a complete picture of its fair lending risk. It also tells how the risk is managed. It further monitors if the institution is complying with fair lending laws and regulations.Freer...
Fair Lending,Litigation Developments,Loan Origination,Loan Servicing| By:Daniel A. Cozzi On October 22, 2014 The Office of the Comptroller of the Currency, Treasury; Board of Governors of the Federal Reserve System; Federal Deposit Insurance Corporation; U.S. Securities and Exchange Commission; Fede...
The article offers information on how to synthesize the process of developing a fair lending risk assessment. It states that based from the Bank Secrecy Act (BSA) risk assessments, banks must examine their potential for problems. It notes the value of identifying decision points to determine ...
The article focuses on the fair lending risk assessment in financial institutions. It states that the risk assessment examines all lending products of a bank, and records how the institutions measure, control, and identify its lending activities. It also notes that the assessment provides banks ...