Start Date: 12/18/2024 9:00 AM MST
End Date: 12/18/2024 10:30 AM MST
Location:
United States
The CFPB and most other regulators continue to issue fair lending guidance as a prelude to increased examination scrutiny. Unfortunately, consumer protection attorneys are also taking notice of this potentially profitable area. Regulatory fair lending examinations can be rigorous, but with the right preparation, lenders can avoid the common red flags that signal noncompliance. Regular self-assessments, proactive training, and robust documentation are critical in demonstrating a commitment to fair lending principles. By addressing these potential red flags early, lenders can mitigate risk, avoid penalties, and uphold their reputation as fair, equitable lenders.
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