Consumer Bankers Association - 1000 Wilson Blvd., Suite 2500 Arlington, VA 22209-3912
PHONE: 703.276.1750 FAX: 703.528.1290
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FAIR LENDING COMMITTEECBA members embrace fair lending principles and oppose discrimination in lending. Fair lending is an increasingly complex area of compliance and has become even more challenging with the crisis in subprime mortgage lending and the credit crunch. CBA's Fair Lending Committee is composed of the top fair lending and compliance managers at the nation's leading institutions, who wrestle with the often difficult task of ensuring fairness in lending. The expansion of fair lending issues to embrace responsible lending and the prevention of unfair or deceptive practices has increased the scope of the committee's deliberations. CBA continues working to ensure strong and effective consumer protections that remain manageable for compliance operations. Traditional fair lending oversight has become more and more analytical, requiring sophisticated tools to prevent compliance problems. At the same time, new areas are receiving scrutiny, including the servicing of loans and the loss mitigation efforts of banks dealing with the fallout of the economic crisis on housing. Lenders employing third party originators, such as auto dealers and mortgage brokers, continue to wrestle with the difficulty of fair lending oversight and the potential for liability. Through CBA's Fair Lending Committee, CBA stays on the cutting edge of how the current economic climate is affecting fair lending standards and relates the critical perspective of retail bankers back to regulators and lawmakers. For more information about the Fair Lending Committee, contact Steve Zeisel. COMMITTEE MEMBERS
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