Loan servicers currently operate between a rock and a hard place. Borrowers want high-quality service. Regulators demand that products and services are provided fairly and equitably.

With the COVID-19 pandemic dominating our daily lives and commanding our attention, the traditional fair lending concerns of lenders might have receded into the background, or focus may have shifted to other more immediate challenges, such as ensuring controls remain in place as work location and standard business practices have been forced to change.

Federal regulators have demonstrably slacked off enforcement of fair lending compliance in recent years.

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.

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.

Is it worth it?

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...

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...