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.
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.
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.
Fair lending program consulting
Auditing and testing
Program administration and governance
Consumer protection regulatory testing
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.
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.
Changes in the fair lending landscape move fast, but so do we.
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