CRA provided analytical support for regulatory reviews for banking clients facing investigations by the CFPB, the FDIC, the Federal Reserve Board and the Office of the Comptroller of the Currency. Our analyses revealed there was no evidence of fair lending compliance issues when mortgage lending decisions were modeled properly.
Fair lending: Considerations when searching for less discriminatory alternatives
The Consumer Financial Protection Bureau increasingly expects institutions to explore less discriminatory alternatives (LDAs) as part of their disparate impact...