This article provides an overview of key considerations in evaluating credit scoring models for fair lending risk, including the main fair lending considerations under the Equal Credit Opportunity Act that apply to credit scoring models, and common fair lending risk issues and testing considerations related to scoring models. Click below to read the article.
COVID-19 crisis – Mortgage forbearance considerations
During the current COVID-19 crisis, many financial institutions have responded by tightening their lending standards while increasing allowable forbearance...