Exceptions are part of any business, and when it comes to fair lending risk exceptions, "certainly the CFPB acknowledges that," said compliance expert Tammy Butler with Optimal Blue. However, officials at the bureau are concerned with when lenders give exceptions, for what reasons and whether or not they are given fairly. "To do that, you have to have policy and monitoring," she said. Butler then provided the following checklist to help lenders build their exception policy and procedures...