Are You Up to the Challenge of Increasingly Complex Fair Lending Compliance?

Compliance with fair lending regulations has become dramatically more complex over the past several years. Although the underlying regulations have been in place for decades, monitoring by the Consumer Financial Protection Bureau (CFPB)’s Office of Fair Lending and Equal Opportunity, coupled with vigorous enforcement by the U.S. Department of Justice (DOJ), have increased substantially the risk factors of financial institutions that provide residential mortgage loans.