Independent Fair Lending Audits

Navigating the complexities of Fair Lending regulations and helping your bank develop and maintain fair and diverse lending practices

We help you measure how well you adhere to Fair Lending laws and regulations and whether your policies, procedures, and practices provide equal and fair access to credit throughout your community.

Fair lending audits are not only a compliance requirement, but they assure you and your community that your lending policies are inclusive and that you treat everyone fairly. They’re essential ingredients in maintaining a solid reputation and enhancing community relations.

Still, banks can inadvertently make mistakes when working with borrowers and vetting their creditworthiness. A blip anywhere in the process can raise the stakes and result in financial penalties, regulatory punishment, and reputational damage.

We guide you in building a program that helps manage the fair lending risk and mitigates even unintentionally disparate treatment.

Our team has extensive experience and insight into Fair Lending laws and understands the finer points of regulatory requirements and changes. That knowledge allows us to help you mitigate risk and better manage your Fair Lending obligations.

We focus on the risk categories outlined within the Interagency Fair Lending Examination Procedures to identify potential violations and vulnerabilities. That includes a review of:

• Fair lending compliance management program
• Comparative loan file
• Policies and procedures established to manage fair lending risk
• Assessment of underwriting guidelines
• Lending pattern identification and data analysis at both the individual borrower characteristics level and the minority tract level
• Demographic makeup of the lending area
• Mapping of lending patterns in the Banks’ defined market area

TCA guides you to A Better Way to comply with Fair Lending regulations and continue providing equal access to credit in your community.