| Office of Consumer Financial Protection and Access Fair Lending Guide Contributor(s): Administration, National Credit Union (Author) |
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ISBN: 1986315533 ISBN-13: 9781986315531 Publisher: Createspace Independent Publishing Platform OUR PRICE: $14.72 Product Type: Paperback Published: March 2018 |
| Additional Information |
| BISAC Categories: - Law | Consumer |
| Physical Information: 0.12" H x 8.5" W x 11.02" (0.34 lbs) 56 pages |
| Descriptions, Reviews, Etc. |
| Publisher Description: This guide, "Office of Consumer Financial Protection and Access Fair Lending Guide," is intended for use by a credit union's board of directors and management, compliance officers, and others having responsibility for fair lending compliance as part of their duties. While the guide covers federal fair lending laws and regulations that affect federal credit unions, it does not address all federal consumer protection laws or any state laws. This fair lending guide is divided into five sections: - Overviews - provide a brief description of what is covered in each fair lending law and regulation, what the regulations require of credit unions, and some potential risks; - Operational requirements - denote specific requirements covered in each fair lending law and regulation and possible administrative actions for noncompliance; - Review Considerations - contain various areas management should consider when evaluating fair lending compliance issues or developing compliance policies; - Checklists - can be used to test compliance with the various fair lending laws and regulations, or as a starting point in developing a policy for compliance with the various regulations. The questions are written so that a "yes" answer indicates compliance with the regulation, and a "no" answer indicates a potential problem area; - Definitions - defines terms used in the narrative sections of this guide as well as terms used in each fair lending law and regulation. |