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ABA Banking Journal: Your Fair and Responsible Banking Program in 2021 and Beyond

ABA Banking Journal, January 19,2021, Your Fair and Responsible Banking Program in 2021 and Beyond

Here are ways for compliance professionals to promote equity and financial inclusion while building a robust fair lending program and demonstrating compliance.
In July 2020, a study was released by the National Community Reinvestment Coalition regarding Paycheck Protection Program loans that used matched-pair testing, and it noted past matched-pair “mystery shopper” tests were conducted by the NCRC in?2017,?2019?and?earlier in 2020. The twist on this study was that the mystery shopping was conducted over the phone.
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