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.
What is disparate impact testing?
Disparate impact testing requires quantitatively testing models for fairness with respect to classes of borrowers protected under the Equal Credit Opportunity...