ICBA coverage: Regulators discuss fair lending compliance

Fair lending is a perennial concern for community bankers and regulators acknowledge that fair lending compliance can be challenging. Dodd Frank Update was on hand as representatives from three federal agencies discussed their views on fair lending compliance during the Independent Community Bankers of America National Convention and Techworld in Las Vegas.

Read on to learn what a representative from the Consumer Financial Protection Bureau had to say about concerns that new rules from the Department of Housing and Urban Development could create fair lending issues for mortgage lenders who choose only to write qualified mortgages under the CFPB’s ability-to-repay rule.