Fair Lending Now
presented by:
Wallace Consulting Co., LLC
We offer automated risk management products and services built on 25 years of compliance and consumer protection experience.
Fair Lending
The Fair Lending laws prohibit discrimination on any prohibited basis. Did you know that there are fundamental differences in the way that federal regulators evaluate fair lending risks? Our automated tools and past experience take into account this “regulatory nuance.”
CRA
The Community Reinvestment Act requires banks to serve the needs of low-to-moderate income (LMI) neighborhoods, LMI borrowers, small businesses, and small farms, in concert with safe and sound operation.
HMDA
The Home Mortgage Disclosure Act requires many financial institutions to report data on dwelling-secured applications and loans. The collection and reporting requirements imposed by HMDA have almost tripled since 2017. Moreover, HMDA data are typically used as the basis for Fair Lending and CRA examinations. We have answers.
25 Years of Experience
We are here to help
Wallace Consulting Co., LLC is dedicated to identifying and mitigating the Fair Lending, CRA, and HMDA risks at banks of all sizes. Built on 25 years of experience in consumer protection laws and regulations, we stand ready to help your bank navigate these regulatory waters.
Why Choose Us?
We blend prior regulatory experience into our consulting expertise to provide reasonable and actionable ways to improve your fair lending compliance management system.