COMPLY FAIR LENDING
Fair Lending Resource Documents
FFIEC Interagency Fair Lending Examination Procedures
This overview provides a basic and abbreviated discussion of federal fair lending laws and regulations. It is adapted from the Interagency Policy Statement on Fair Lending issued in March 1994.
http://www.ffiec.gov/pdf/fairlend.pdf
OCC Comptroller’s Handbook (Fair Lending)
Examiners use these procedures to evaluate a national bank’s compliance with the Fair Housing Act (FH Act), Equal Credit Opportunity Act (ECOA), and the Federal Reserve Board’s Regulation B. This booklet contains the Federal Financial Institutions Examination Council’s (FFIEC) “Interagency Fair Lending Examination Procedures,” and appropriate OCC supplemental material.
http://www.occ.treas.gov/publications/publications-by-type/comptrollers-handbook/fairlend.pdf
GAO Data Limitations and the Fragmented U.S. Financial Regulatory Structure Challenge Federal Oversight and Enforcement Efforts
GAO analyzed fair lending laws, relevant research, and interviewed agency officials, lenders, and consumer groups. GAO also reviewed 152 depository institution fair lending examination files. Depending upon file availability by regulator, GAO reviewed all relevant files or a random sample as appropriate.
http://www.gao.gov/new.items/d09704.pdf
Anatomy Of A Fair-Lending Exam: The Uses And Limitations Of Statistics
In this paper, we consider the role of statistical analysis in fair-lending compliance examinations. We present a case study of an actual fair-lending examination of a large mortgage lender, demonstrating how statistical techniques can be a valuable tool in focusing examiner efforts to either uncover illegal discrimination or exonerate an institution so accused.
http://www.federalreserve.gov/pubs/feds/2000/200015/200015pap.pdf
How Low Can You Go? An Optimal Sampling Strategy for Fair Lending Exams
Empirical researchers face a tradeoff between the lower resource costs associated with smaller samples and the increased confidence in the results gained from larger samples. Choice of sampling strategy is one tool researchers can use to reduce costs yet still attain desired confidence levels.
http://www.occ.treas.gov/publications/publications-by-type/economics-working-papers/2008-2000/wp2001-3.pdf
CRA And Fair Lending Regulations: Resulting Trends In Mortgage Lending
In this article, we examine the evolution of the fair lending regulations and the CRA. We then summarize the economic literature that pertains to these regulations.
http://www.chicagofed.org/digital_assets/publications/economic_perspectives/1996/epnd96b.pdf
FDIC Side by Side: A Guide to Fair Lending
In this guide, which we first distributed in August of 1994, we provide alternative means that an institution may use to discover uneven customer service or inconsistent lending practices that may be discriminatory. This guide is not about finding discrimination, that is, violations of the fair lending laws. It's about tools that a lender can use to compare the treatment of loan applicants, identify differences and correct potential problems.
http://www.fdic.gov/regulations/resources/side/side.pdf
