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FDIC Chairman Martin Gruenberg- What the Remarks Mean to You
What the FDIC Chair’s Remarks Mean to You: What’s old is new again On March 6th FDIC Chairman Martin Gruenberg’s remarks at the Institute of International Bankers Washington Conference focused on the challenges ahead in the banking industry. Although he ended his...
Fair Lending Nuances in Consumer and Residential Loan Servicing – pt. III
Fair Lending is on every compliance examiner’s radar, and nowhere is this more apparent than in examinations of consumer and residential loan servicing. Read any issue of the CFPB’s Supervisory Highlights and note how many examples deal with consumer and residential...
Hot Topics in Fair Lending pt. II- Appraisal Bias
In Part I of this multi-part Fair Lending article, we considered the topic of Redlining. In Part II, we’ll consider one of the newer Fair Lending hot topics – Appraisal Bias. Appraisal Bias is the practice of an independent appraiser placing a value on a property...
Hot Topics in Fair Lending – The Secret Sauce is in your REMA
Ask any lending compliance officer in a financial institution what keeps them up at night lately, and their reply will probably have something to do with Fair Lending – specifically redlining, and the new issue, appraisal bias. This multi-part article will consider...
ESG and Vendor Management
ESG via the Vendor Management Program Much of the messaging surrounding ESG being provided to small community bank centers “start with ESG in your Vendor Management Program.” But what does that mean? We know that even the smallest community banks have developed Vendor...
Elements of a Complaints Management Program
You’re a new Compliance Officer and you run the Consumer Regulatory Compliance department of a small-to-midsized financial institution in the U.S. You’ve recently inherited some findings about the institution’s Complaints Management Program. This came about because...