Margaret Dolinger

fair with wooden blocks

Are there fair lending concerns when a financial Institution utilizes a third-party vendor that provides data for marketing or assists in the development of a credit underwriting model containing digital algorithms?

Answer: Yes. The Financial Institution needs to be aware of what makes up the data that is obtained and how the data is applied. These algorithms may be filtered by zip codes, level of education or purchasing behaviors. The Financial Institution needs to ensure the algorithms used do not cause disparate impact by eliminating protected …

Are there fair lending concerns when a financial Institution utilizes a third-party vendor that provides data for marketing or assists in the development of a credit underwriting model containing digital algorithms? Read More »

Fair Lending

Meet your Community’s Credit Needs for Fair Lending – Utilizing Regulation B’s Special Purpose Credit Program

“What are you doing to ensure diversity, equity and inclusion (DEI)?”  That question routinely comes up during conference calls among us, clients, and regulatory agencies. Businesses, educational institutions, and non-profit organizations all are focusing on DEI.  Financial institutions are no exception. In fact, regulatory agencies emphasize the importance of DEI in written communications about the Fair …

Meet your Community’s Credit Needs for Fair Lending – Utilizing Regulation B’s Special Purpose Credit Program Read More »

mortgage symbol

Loan Servicing & Loss Mitigation Are Fair Lending Risks Too!

As we are all in this unusual time of a pandemic with various levels of lockdowns and social restrictions and the resulting economic downturn, unemployment and business closures, many financial institutions are trying to wade through processes on how to help their customer base through modifications, deferments, waiving of fees and loan proceeds for small …

Loan Servicing & Loss Mitigation Are Fair Lending Risks Too! Read More »

covid-19

Do These Activities Qualify for CRA Credits?

COVID-19 has caused nationwide turmoil, including in the financial services industry. Banks have been flooded with inquiries regarding deferral of payments, modification of loan provisions and loan requests to keep businesses afloat. Many banks have asked TCA whether certain activities would be considered as CRA credits or qualified community development activities. The first of many …

Do These Activities Qualify for CRA Credits? Read More »

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800-934-REGS

Email Address

[email protected]

Office Location

2021 Midwest Road, Suite 200,
Oak Brook, IL 60523

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