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Home » Store » News » Federal Banking Regulators Find Backsliding on Fair Lending Issues

Federal Banking Regulators Find Backsliding on Fair Lending Issues

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Fair lending issues thought to have been resolved in previous compliance examinations are still continuing, prompting federal regulators to warn financial institutions against complacency and urge them to reread “Compliance 101.” “We continue to see these fair lending issues, which we thought we have already addressed in the past. We should be getting back to basics,” said Robert Cook, special counsel to the Federal Reserve Board of Governors.
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