Your partners at Superior Consulting realize that the community bank is under siege from an unprecedented volume of new regulation, ever increasing competition, thin profit margins, and an unusually hostile regulatory environment. Our singular mission is to provide you with Guidance You Can Trust during these troubled times in order to ensure your institution does not become yet another statistical casualty of this environment.
Fair lending reviews provide an assessment of your institution’s compliance with a range of federal regulations regarding the fair and equitable treatment of classes of individuals that possess a prohibited basis characteristic as defined by regulatory guidance such as the Interagency Fair Lending Examination Procedures. These reviews are fully customizable to the regulatory requirements, asset size, and complexity of your institution and generally consist of transaction testing of a representative sample of loan products throughout the bank to assess compliance with fair lending regulations. Depending on the scope of your review, we also generally perform extensive interviews and comparative analysis in order to detect any adverse fair lending trends or relationships.
Fair lending has received intensive scrutiny in recent years and many institutions ranging in asset size have been subject to severe scrutiny due to real or perceived fair lending issues. The performance of a fair lending review can assist the Board and management in both managing fair lending risk and increasing awareness among all personnel as to what events or patters may constitute a fair lending problem.