At M & M Consulting’s most recent compliance school, our President/CEO spoke at length about the regulatory environment for Fair Lending and specifically redlining risk. The announcement from Department of Justice is further evidence of stepped up enforcement. Financial Institutions need to address redlining risks, so monitoring efforts and audit processes should be adjusted to ensure appropriate data analysis to identify these red flags well in advance of any examination.
Final CRA Rule to Modernize Regulations
The joint agencies finally issued the final CRA rule to modernize regulations implementing the community reinvestment...
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