Tag : Fair Lending

Modernizing The Community Reinvestment Act

After nearly 41 years, the federal government’s method for measuring a financial institution’s community investment efforts may be modernized. What should change is the very question the Office of the Comptroller of the Currency (OCC) posed in its Advanced Notice of Proposed Rulemaking.

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How Short-Term Loans Could Break the Cycle of Debt

In 2015, the FDIC conducted its National Survey of Unbanked and Underbanked Households. The results showed that 7% of U.S. households had no interaction with the banking system.

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The Risk and Rewards of Artificial Intelligence for Lenders

Is it worth it?

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The FDIC Released the Third Volume in its Affordable Mortgage Lending Guide

Buckley Sandler, a legal firm specializing in financial services, government enforcement, and litigation, recently released an article covering the FDIC’s publication of its third volume of the Affordable Mortgage Lending Guide on April 6, 2017. This guide is designed to help community...

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The FDIC Released its April List of CRA Compliance Examinations

The FDIC released its list of “state nonmember banks recently evaluated for compliance with the Community Reinvestment Act” on April 5, 2017. Buckley Sandler, a legal firm with specialization in financial services, government enforcement, and litigation, covered the release of the April list...

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