The October 2021 Department of Justice (DOJ) Combatting Redlining Initiative is an aggressive and coordinated effort to eliminate redlining. Utilizing a whole government approach, the DOJ works with a number of regulators through the financial sector—from the Office of the Comptroller of the Currency to the Consumer Financial Protection Bureau to the National Credit Union […]
Three Steps to Strengthen HMDA Compliance
The lending industry and regulators have doubled down on fair lending and redlining initiatives, and the key to any fair lending analysis is accurate HMDA data. As a result, regulators have increased their scrutiny of HMDA compliance programs and data accuracy. The Home Mortgage Disclosure Act (HMDA) was initially approved by Congress in 1975 and […]
