Predatory Lending Focus Noted in More Recent Fair Lending Exams
October 12, 2004
Regulators appear to be looking more closely for signs of predatory lending practices and reverse redlining compared to discriminatory lending than they have done typically in past fair lending exams. Two major mortgage lenders shared their recent regulatory experiences during a fair lending conference hosted by the Consumer Bankers Association early this month in Washington, D.C., and reported what appeared to be...