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Regs not “fair lending” but are

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Question: 
How are regulations that are not the fair housing act, fair lending regulations?
Answer: 

They influence fair lending compliance either directly or indirectly. Advertising examples are where a minority would be discouraged from applying for a loan. Reg B prevents discrimination on consumer, commercial and mortgage loans, HMDA provides GMI data to support fair lending efforts and other Regs are similar. They all work to support your fair lending efforts.

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Learn more about Andy Zavoina’s, Fair Lending – Fair Banking is Fair Treatment
webinar.

First published on 05/14/2023

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