What you need to know now about Fair Lending and self assessment.
For many, the hang-up in fair lending is in performing a fair lending comparative file review and performance self assessment. It can be mind numbing just thinking about getting started.
Where do you begin establishing your own fair lending monitoring program and self assessment and what can you do to streamline your fair lending examination? To answer that, you must first identify what the examiners expect. It is our hope that you gain a working knowledge of the basic elements of fair lending monitoring and self assessments from reading the following white paper. You can add to your knowledge by attending conferences hosted by regulators, vendors and national trade associations. It will also help to simply get started. Experience may be the best teacher.
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