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Financial Services Law Insights and Observations

FDIC releases fair lending videos

Agency Rule-Making & Guidance FDIC Examination Fair Lending

Agency Rule-Making & Guidance

On February 23, the FDIC released nine technical assistance videos on fair lending compliance. The videos provide FDIC-supervised institutions with a high-level overview on ways to assess and mitigate fair lending risk and understand how examiners evaluate fair lending compliance. Information provided in the videos includes: (i) an overview of federal fair lending laws and regulations for bank directors and senior managers; (ii) ways a bank’s compliance management system can mitigate fair lending risk; (iii) a discussion on how FDIC examiners evaluate fair lending risk during consumer compliance examinations; and (iv) commentary on the following specific fair lending risk factors, one each for overt discrimination, underwriting, pricing, steering, redlining, and marketing.

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