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Thursday, August 15, 2013

Is Your Company Aware of the Latest Fair Lending Guidance?

By ABIA Outside Counsel Chrys Lemon and Adam Maarec, McIntyre & Lemon, PLLC

On Tuesday August 6, 2013, representatives of the Consumer Financial Protection Bureau (CFPB), Federal Reserve Board (FRB), and Department of Justice (DOJ) participated in a webinar on fair lending in the indirect auto lending space. While focused on auto lending, the presentation provided insight into the agencies’ views of fair lending compliance that is applicable to other forms of credit.

To learn more about fair lending guidance, read the full compliance article, which is available to ABIA bank members. If you are having trouble logging on or you are with a member that in not a bank, please contact us and we will email you a copy.

ABIA members may access a wealth of compliance information - including our flagship Compliance Handbook on our compliance page. If you need help logging on please contact us and we will be happy to assist you.