Practical Handbook on Fair Lending for Bank Directors & Executive Officers

This book, now in its second edition, updates how bank directors and other key decisionmakers can provide meaningful oversight of fair lending risk to the financial institutions which they serve. It also describes best practices to enhance banks' fair lending compliance programs and to meet regulatory expectations.

Fair lending risks are ever present and increasing, and the role of bank directors and executive officers to oversee these risks is essential. More than just controlling fair lending risk, oversight is also ensuring fairness to consumers.

The expanded edition provides an updated compilation of fair lending laws, regulations, and regulatory guidance. It also covers:

• Your role in overseeing fair lending risk
• What types of discrimination violate the fair lending laws
• Where fair lending risks lie
• Spotting "red flags" for fair lending risk
• Fair lending risk management
• Effectively preparing for and managing a fair lending examination
• Home Mortgage Disclosure Act ("HMDA") compliance
• Fair lending statistical analyses
• What to do during an investigation or enforcement action

This book is not only a primer for bank directors; it also is a resource for CEOs, chief risk officers, chief compliance officers, and fair lending officers and their staff.

Author: Lori Sommerfield

Publisher: Independently Published

Publication Date: Jun 15, 2023

Number of Pages: 162 pages

Binding: Paperback or Softback

ISBN-10: NA

ISBN-13: 9798398462289