Managing Fair Lending and CRA Risk

Specialties

Independent Fair Lending Audits

Independent Community Reinvestment Act Reviews

Mapping of Loan Activity

Fair Lending Performance/Program Review

Fair Lending Exam Assistance and Support

Non-Originated Loan Review and Analysis

Pricing Exception Tracking Analysis

Bringing you a strategy to satisfy your Fair Lending and CRA obligations and respond to your community’s needs.

We help you minimize your Fair Lending exposure with a formal, risk-based strategy.

Managing your Fair Lending requirements can carry immense risk because of the legal and ethical responsibilities associated with the regulations.

After all, your community looks to you to respond to its financial needs.

It's essential to understand your loan process and lending patterns within your market, given that regulators are signaling that they'll pay greater attention to fair lending and focus on diversity, equity, and inclusion.

If your team is stretched thin, we can help.

Our Fair Lending experts are skilled at understanding lending patterns, identifying areas of concern, and refocusing risk-based Fair Lending programs in advance of regulatory criticism and before consumers are harmed.

We examine your products, processes, and policies, along with your technology and training to identify weaknesses and provide insight on ways you may be underperforming based on your area’s demographics and peer group.

The thorough assessment helps you avoid common compliance dangers, whether they’re related to marketing and underwriting, your census tract, or consumer complaints.

As a result, you’re better equipped to develop a strategy appropriate to your bank’s risk and one that meets local needs and aligns with the nuances of your market area.

We also recommend best practices on adapting to the inevitable regulatory shifts that may affect your bank.

You can be confident that you have sound Fair Lending program and that you’re acting as a true partner with your community—doing your part to develop and revitalize it and improve the lives of its residents.

Managing your Community Reinvestment Act (CRA) requirements also is risky, and we perform an analysis of your program performance alongside our Fair Lending assessment.

Our approach to conducting CRA exam is identical to the one that regulatory agencies take.

After a comprehensive review, we leave you with a realistic appraisal of your CRA performance and confirm the accuracy of your assessment areas to help you minimize your exposure.

TCA shows you A Better Way to limit your Fair Lending and CRA risks and effectively serve the financial needs of your community.

Key Deliverables Include:

  • Providing an accurate evaluation of your Fair Lending and CRA risks
  • Analyzing your lending patterns and community involvement.
  • Keeping management and executives abreast of the bank’s performance.
  • Identifying strategies that better address your community’s credit needs.
  • Providing training, so all employees, executives, and board members understand their responsibilities.

 

Fair Lending/CRA Insights

community reinvestment act

OCC’s CRA June 2020 Final Rule – Maybe

By | June 4, 2021

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community reinvestment act

CRA Public File Reminder

By | March 25, 2021

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changes ahead signs

CRA Asset-size Thresholds Announced for 2021

By | December 22, 2020

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disclosure definition

FFIEC Releases 2019 CRA Public Data Tables

By | December 17, 2020

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community reinvestment act

OCC Banks: Have You Hung Up Your New CRA Lobby Notice Yet?

By , | December 9, 2020

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community reinvestment act

Three Hot CRA Concerns

By | October 20, 2020

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Do You Need Compliance Help?

We’re here to review your current compliance strategy and help you find A Better Way to manage risk.

Phone

800-934-REGS

Email Address

[email protected]

Office Location

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

Endorsed By