ABA Banking Journal - April 2012 - (Page 41)

compliance clinic  |  FAIR-LENDING UPDATE Rx for fairness The key to fair lending is treating similarly situated people similarly. Easier said than done by steve cocheo, executive editor F air lending: Treating similarly situated people similarly.” “Fair-lending risk: The chance that an institution’s lending products, services, and/or operations may be conducted in a way that does not adhere to fair-lending legal obligations, and will consequently adversely impact the bank’s super visor y record, generate enforcement or litigation costs, injure consumers, or damage the bank’s reputation, thereby impairing the bank’s earnings, capital, or franchise value.” Bankers who gathered for a 6:00 a.m. bonus session during ABA’s National Conference for Community Bankers, “Succeeding in the New Fair-Lending Environment,” found themselves confronting the difference between the principle and the practice, as defined on the left. It takes but five words to express what fair lending is, but more than ten times that to summarize the risks banks face in the compliance arena. Today, bankers face a changed focus from examiners on fair lendAPRIL 2012 | AbA bANKiNG JourNAL | 41

Table of Contents for the Digital Edition of ABA Banking Journal - April 2012

ABA Banking Journal - April 2012
Contents
Chairman’s View
Editor’s Column
The Economy
Bank Notes
Picture This
Young CEOs: Our turn
Pass the Aspirin
Tech Topics
What is your appetite for risk?
Top-performing big banks
Compliance Clinic
Compliance Inbox
ABA Resources
Legal Issues
First Person

ABA Banking Journal - April 2012

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