Compliance & Coffee: Does Cost-Cutting Cost You More?
On Friday, September 30th, mortgage professionals from far and wide gathered in front of their various devices, caffeinated beverage in hand, for our...
DOJ’s Settlement with Meta Highlights Regulators’ Increased Focus on Digital Redlining via Social Media Marketing
Those that do not heed the recent warnings from the federal level about Fair Lending do so at their peril. As an example of the lengths regulators...
Trident Mortgage – The Newest Front Page Company for Redlining
On July 27th, 2022, the Consumer Financial Protection Bureau (CFPB) brought an action against Trident Mortgage Company LP under the Fair Housing Act (
ECOA & Advertising: What’s the Connection?
With Fair Lending top of mind for regulators and lenders alike, it is essential to understand the regulatory underpinnings of this legal concept. Two...
Understanding the State Community Reinvestment Act
One of the most insidious forms of discrimination in lending over the past several decades has been redlining, a long-illegal practice where...
Disparate Impact vs. Disparate Treatment - What’s the Difference?
For newcomers breaking into the lending industry, the sheer number of laws in place to regulate lender practices can seem uncountable. Whether it’s...
DOJ, Merrick Garland Announce Initiatives to Combat “Modern-Day Redlining”
Discrimination and unequal treatment have been a pervasive thorn in the side of the lending industry since its inception and one of its most common...
CFPB Investigating Widespread Lending Violations in First Half of 2021
Financial regulators and lawmakers have worked tirelessly for decades to even the lending playing field for all possible customers, regardless of...
Cuomo Cracks Down with NY Fair Lending Audits
It’s been nearly six months since New York Governor Andrew Cuomo announced the findings of a broadly-sweeping New York state investigation into...