(Published May 24, 2018) The data points in the expanded HMDA data set greatly enhance the ability of banks, examiners and the public to perform more in-depth fair lending analysis at any time, with a minimum 121,000 combinations of the data available to perform a variety of fair lending analytics. Institutions, as well as examiners, will have the ability to gather new, and possibly troubling, insights into the institution’s performance, with particular emphasis on disparate or unintended treatment and/or impacts and redlining.
(Published May 2018) When it comes to identifying and mitigating conduct risk, is your compliance program up to the challenge? In this ABA Bank Compliance article, Wolters Kluwer expert Thomas Grundy examines recent guidance provided by the Department of Justice that may just help you protect your institution should a misconduct inquiry arise.