Increased accessibility puts your lending data out in the open, where it’s constantly scrutinized by regulators and independent watchdog organizations.
A single fair lending violation can tarnish your company’s reputation, bring down fines and penalties, and derail your strategies for growth.
We move fast. Within weeks, you can start getting insights and analysis that help you understand your most important sources of risk and how to address them.
Fair and responsible banking is about more than just trying to do the right thing – it’s about proving you’re doing the right things through your lending data. But how do you create that proof? 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 fines and penalties, lost opportunities for growth, and reputational harm.
The only way to know the story your lending data tells is through detailed analysis founded on deep regulatory knowledge and extensive experience.
With lending data more accessible than ever thanks to technology, regulators today don’t even need to enter your bank to assess your lending practices.
If you’re not proactively assessing your fair lending risk and auditing your lending practices, you’re a step behind. And when something happens, all you can do is react.
So, how do you unlock the unknowns? The key is to work with fair lending risk management specialists who understand the fast-changing regulatory landscape and have the tools, resources, and expertise to make sure your lending data doesn’t contain any surprises.
Fair lending program consulting
Risk assessment, data analysis, auditing and testing, issues management, reporting, and program administration and governance
Lots of companies can provide analysis of your lending data. Great – now you’ve got a report with lots of numbers. But you don’t have anyone to help you understand what it all means, and you don’t have a path forward.
When you pair data analytics tools with decades of financial service experience, that’s when you get meaningful growth and change. And that’s what we bring.
Using a data analytics platform built for financial services companies by fair lending specialists, we apply regression analysis to identify statistically significant differences in your data and automatically generate samples for matched-pair testing. The result: We help you understand the story your data is telling and show you what you need to do to stay ahead of fair lending risk.
When you work with Crowe fair lending risk management specialists, each risk assessment becomes more than just a compliance exercise – it’s an opportunity for growth and positive change.
Every potential source of disparate impact you identify is a step closer to better fair lending risk and compliance management and an opportunity to better serve all your customers.
Our expertise is deep, and our methods are innovative, but our mission is simple: make sure you’re informed, prepared for the future, and situated for growth.
Changes in the fair lending landscape move fast, but so do we. We’ve spent decades gathering expertise in the financial services industry and closely watching the evolution of fair lending laws. We’ll help you build an adaptive, forward-looking fair lending compliance program that’s ready for the risks of today and tomorrow.
Let’s chat. We’re always ready to talk about your fair lending risk, listen to your concerns, and offer advice about how you can get more comfortable and confident managing fair lending risk.
Get fair lending risk in focus with analysis and insights
Watch the webinar
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5 overlooked fair lending risk assessments
Your fair lending analytics can be shaped by context
Get ahead of fair lending risk compliance
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How technology can help mature your integrated risk management