Fair Lending’s Impact to Community Reinvestment Act

Date Presented: February 20, 2025
Presented by: Kylee Durbin, CRCM, Manager, Forvis Mazars, LLP

Fair lending practices continue to be subject to heightened scrutiny by both federal and state regulators. Non-compliance with fair lending laws can lead to enforcement actions from your regulators, HUD, and/or the DOJ. Additionally, violations could have a significant impact to your strategic, financial, operations, legal, compliance, and reputational risk.

Your fair lending program can also have a significant impact to your Community Reinvestment Act (CRA) program. CRA and fair lending programs overlap because certain low- and moderate-income areas may also contain a significant minority population. Therefore, it is important that you are looking at your fair lending program holistically.

Here is What You’ll Learn:

• Equal Credit Opportunity Act / Regulation B prohibited basis and other requirements
• Fair Housing Act prohibited basis
• Overview of the Community Reinvestment Act and Home Mortgage Disclosure Act
• Data collection requirements
• Examination process
  • Fair Lending
  • CRA
• Risk management strategy
• Regulatory changes and new rules
  • 1071
  • CRA