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Welcome to Compliance 911, a no-nonsense, cut to the point, style show for today’s busy bank and credit union compliance professionals. With this series of bi-weekly shows our goal is to boil down some of today’s hottest regulatory compliance topics in quick and easy to digest 5-10 minute episodes so you can get the information you want and get on with your day. We’ll be discussing topics like CRA, HMDA, Fair Lending, Anti Money Laundering, and so much more. Don’t forget to subscribe and tell a friend about us! Follow M&M Consulting and GeoDataVision us on LinkedIn to get the latest updates.
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2 hours ago
2 hours ago
13 min
In this episode of The Compliance 911, Len Suzio of GeoDataVision and Dean Stockford of M&M Consulting discuss why disparate impact analysis remains an important tool for identifying and managing fair lending and redlining risks, despite recent regulatory changes. They explore the role of statistical significance in detecting potential discrimination, the importance of evaluating lending practices and peer group comparisons, and how hidden market factors can distort redlining assessments. Through real-world examples, they examine strategies for investigating statistically significant findings, including reviewing loan products, pricing, multifamily lending, and affordable housing activity. They also highlight the importance of defining a realistic Reasonably Expected Market Area (REMA) and explain how financial institutions can use statistical analysis proactively to strengthen compliance efforts and prepare for future regulatory examinations.
Brought to you by GeoDataVision and M&M Consulting
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