Fair lending risk is among the most prominent concerns for mortgage lenders, in large part because of uncertainty about what constitutes a discriminatory practice and the fact that factors underlying such risks can crop up in the least likely of places – such as a congressional hearing, for example.
Fair Lending Diversity Inc.’s Tammy Butler explained how comments regarding Consumer Financial Protection Bureau Director Kathy Kraninger’s religious affiliation during her recent report to Congress could be considered a violation fair lending law, if it was said by a lender to a borrower.
Learn what fair lending lesson snuck by Kraninger and members of the House.