Many banks offer some of the lowest rates available, which is a perk for borrowers with excellent credit. However, those with a thin or not-so-stellar credit history may want to explore alternative options for borrowing a personal loan. ...
In addition, more and more mortgage lenders are engaging in high-volume operations where speed and the need for efficient data processing are greater than 鈥Dennis, Warren LMortgage BankingDennis, W. (1995). Fair Lending and Credit Sc...
CRA and Fair Lending Regulations: Resulting Trends - Evanoff, Douglas, et al. () Citation Context ... excessively risky activity predicted by critics. Studies have found evidence that CRA improved access to home mortgage credit for low-income borrowers during the 1990s, as CRA enforcement ...
Digital marketing practices and their potential for discrimination. Accessibility of digital lending platforms for all consumers. Six best practices for fair lending in the digital age To help ensure compliance in digital lending, banks and credit unions should consider the following best practices: ...
For Wisconsin customersEnd of sidebar menu Fair Lending OverviewIntroduction Fair Lending is the unbiased treatment of all customers when making credit-related decisions. Fair Lending laws ensure that financial institutions provide fair and uniform services and credit decisions. The fair treatment of our...
When yourcredit scoreis less than perfect, the thought of applying for a personal loan may be daunting. Joint applications, however, could help you get a better loan offer. A joint application is when two co-borrowers submit a request for a loan under both parties' names. Both co-borrowers...
Paying More for the American Dream IV: The Decline of Prime Mortgage Lending in Communities of Color The financial crisis has led to significantly reduced access to mortgage credit for all borrowers and communities. In neighborhoods of color, however, where the foreclosure crisis has taken an espec...
LendingClub is best for fair credit borrowers and debt consolidation Many personal loan lenders require borrowers to have credit scores in the mid-600s and over to qualify for their loans. LendingClub, on the other hand, accepts borrowers with credit scores as low as 600, which falls within ...
Steering:Lenders steer borrowers into expensivesubprimeloans, even when their credit history and other factors qualify them for prime loans. Reverse redlining:Redlining, the racist housing policy that effectively blocked Black families from gettingmortgages, was outlawed by the Fair Housing Act of 1968....
Fair Lending for Financial Institutions The Interagency Guidelines for Self-Assessment were released in 1994. Since then, CLA’s mortgage advisory services division has completed tens of thousands of side-by-side assessments based on the recommended procedures, now adopted by the CFPB. What’s on...