Fair Lending Policy
This Fair Lending Policy addresses measures a bank, credit union, fintech company, or other type of financial institution must take in order to comply with fair lending laws, rules and regulations, including the Equal Credit Opportunity Act (ECOA), the Home Mortgage Disclosure Act (HMDA), the Fair Credit Reporting Act (FCRA), the Fair Housing Act, and the Community Reinvestment Act (CRA).
Table of Contents
- Purpose and Contents – Topic 1
- Policy Statement – Topic 2
- Risk Management – Topic 3
- Equal Credit Opportunity Act Reference – Topic 4
- Fair Housing Act Reference – Topic 5
- Types of Discrimination under ECOA and Fair Housing Act – Topic 6
- Community Reinvestment Act Reference – Topic 7
- Home Mortgage Disclosure Act Reference – Topic 8
- Fair Credit Reporting Act Reference – Topic 9
- Secondary Loan Review Reference – Topic 10
- Complaint Policy Reference – Topic 11
- Compensation Practices and Loan Pricing – Topic 12
- Referral to U.S. Departments of Justice or Housing and Urban Development – Topic 13
- Audit Policy – Topic 14
- Staff Training – Topic 15
- Retention of Documentation – Topic 16
Recent updates to this product:
04/15/24 Update
FDIC FIL-16-2024 – FDIC Consumer Compliance Supervisory Highlights – March 2024 Edition
This Fair Lending Policy (approximately 21 pages) is available to purchase from BankPolicies.com in Microsoft® Word format.
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