Fair lending risk and compliance management
A single fair lending violation can undermine so much hard work.
Fair lending compliance is changing fast, and it’s hard to keep up.
The landscape of regulatory enforcement for fair and responsible banking is constantly shifting.
And one violation can tarnish your company’s reputation, bring fines and penalties, and derail your strategies for growth.
When it comes to fair lending risk, what you don’t know can hurt you.
Even when your company is working hard to serve everyone in the community, your lending data can paint a different picture.
Evidence of disparate impacts in lending can lead to painful consequences.
The only way to know the story your lending data tells is through detailed analysis founded on deep regulatory knowledge and extensive experience.
If you’re not one step ahead of fair lending risk, you’re one step behind.
Increased accessibility means your lending data is out in the open. Regulators today don’t even need to enter your bank to assess your lending practices and find potential issues. Without a proactive approach in place, all you can do is react.
The key is to work with fair lending risk management specialists who have the tools, resources, and expertise to verify that your lending data doesn’t contain any surprises.
That’s how you can finally begin to unlock the unknowns.
Build, maintain, or optimize your fair lending program – we can help at any stage.
Fair lending program consulting
Testing
Analytics
Fair lending program consulting
Fair lending program consulting
Remediate issues and get in fair lending compliance
Risk assessment
Data analysis
Auditing and testing
Risk assessment
Data analysis
Auditing and testing
Issues management
Reporting
Program administration and governance
Issues management
Reporting
Program administration and governance
Testing
Testing
Meet requirements and adjust to new regulatory expectations
Model validation
Internal audit
Consumer protection regulatory testing
Model validation
Internal audit
Consumer protection regulatory testing
Analytics
Analytics
Address problems and get your fair lending program ready for the future
HMDA data
Non-HMDA data
Peer comparison
Redlining assessment
HMDA data
Non-HMDA data
Peer comparison
Redlining assessment
Data analytics and deep financial services experience provide our one-two punch.
Lots of companies can provide analysis of your lending data. Great – now you’ve got a report full of numbers.
What good are numbers without someone to help you understand what they mean?
When you pair data analytics tools with decades of financial services experience, that’s when you get meaningful growth and change.
Fair lending compliance is just the beginning.
When you work with Crowe fair and responsible banking specialists, each risk assessment becomes more than a compliance exercise.
Every potential source of disparate impact you identify is an opportunity to better serve all your customers.
Our expertise is deep, and our technology is innovative, but our mission is simple: see to it that you’re informed, prepared for the future, and situated for growth.
What do you want from your fair lending program?
Let’s get your fair lending program ready for the future.
Changes in the fair lending landscape move fast, but so do we.
