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.
Community credit needs assessments—why now?
The CFPB has discarded the statistically based analyses that were key to investigating and uncovering systematic patterns. While institutions may find the...