CRA and Fair Lending What Regulatory Agencies Hath Joined | Wolters Kluwer Financial Services
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  • CRA and Fair Lending What Regulatory Agencies Hath Joined

    CRA and Fair Lending: What Regulatory Agencies Hath Joined white paperMelissa Ingle Hammer a Consulting Manager with the Wolters Kluwer Consulting Practice describes the convergence of compliance with the Community Reinvestment Act (CRA) and the fair lending laws—the Equal Credit Opportunity Act (ECOA) and the Fair Housing Act (FHAct).

    In this paper, she outlines how in recent settlements the U.S. Department of Justice for discriminatory lending practices with a number of banks, both large and small included elements of branching patterns and assessment area delineation, traditionally the purview of CRA, as well as lending disparities in their findings of illegal discrimination. She additionally provides guidance to CRA officers and Fair Lending officers for working to together in this new paradigm.

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