Most Popular Compliance Content
Fair Lending Measured by Referrals
04/01/1998
As of March, 1998, the OCC had made 27 referrals to the US Department of Justice under the fair lending referral procedures. This number could seem high, but in fact it is not.
Fair Housing Fact
04/01/1998
In the past nine years, HUD and its partner agencies have resolved nearly 25,000 complaints and found 4,000 cases of real discrimination.
HMDA Data Use It
04/01/1998
There have been plenty of debates about whether HMDA data proves anything. The general consensus is that, while it may not prove much of anything, it can blow a lot of smoke and raise red flags.
Question & Answer
04/01/1998
Question: If we have a commercial customer that we believe may be violating the Fair Housing Act, is the bank also liable?
Is It Safe from Discrimination?
04/01/1998
Fundamentally, there are two things to do with a mortgage loan: keep it or sell it. Many banks keep "flexible" loans in their portfolio while selling more standard loans to the secondary market.