Practical Handbook on Fair Lending for Bank Directors and Executive Officers

Baris, David; Mitchell, Andrea K.; Sommerfield, Lori J.; Chang, Shara M.

ISBN 10: 1530689406 / ISBN 13: 9781530689408

Published by CreateSpace Independent Publishing Platform, 2016

About this Item

In excellent condition. No writing or markings, book is crisp and clean. 100% satisfaction guarantee. Shipped with care in a bubble mailer. Feel free to inquire for photos or more details. I hand inspect every item. --- A guide addressed to bank directors and senior executives on the oversight of fair lending compliance, co-authored by David Baris, Andrea Mitchell, Lori Sommerfield, and Shara Chang. The handbook situates its guidance within the shifting regulatory and enforcement environment surrounding the federal fair lending laws, and outlines the board-level responsibilities involved in supervising a bank's compliance program without requiring directors to master the underlying technical detail. Topics fall within banking law and financial institution governance. Issued in paperback in 2016 through CreateSpace Independent Publishing Platform.

Seller Inventory # 241122-a-shelf-99-010

Bibliographic Details

• Title: Practical Handbook on Fair Lending for Bank Directors and Executive Officers
• Publisher: CreateSpace Independent Publishing Platform
• Publication Date: 2016
• Language: English
• ISBN 10: 1530689406
• ISBN 13: 9781530689408
• Binding: Paperback
• Condition: Fine
• Dimensions: 14W x 14H x 4D inches 14 inches width by 14 inches height by 4 inches depth
• Weight: 1.7 pounds

About this title

Synopsis

Although the concept of fair lending has existed since the late 1960s, in recent years the industry has witnessed a dramatic shift in the regulatory landscape for enforcement of the federal fair lending laws. Non-compliance with fair lending laws — as well as allegations that a bank’s lending practices are discriminatory — can damage a bank’s reputation, lead to regulatory and litigation risks, and be costly to defend. As a bank director, you need to be engaged in overseeing your bank’s fair lending compliance efforts. That does not mean that you need to learn all of the technical details of fair lending, but you should have or gain a basic understanding of fair lending as well as an understanding of the role of the board of directors in overseeing your bank’s efforts to comply with the fair lending laws. That is the objective of this book. As bank directors with many responsibilities, we know that you may not have the time to read this book entirely. However, while we strongly recommend that you each read at least Chapters I and II (eleven pages altogether), someone on your board or in management should read the book in its entirety and be in a position to address issues raised in the book with the board or a board committee. We also strongly recommend that your chief compliance officer and/or fair lending officer read the entire book.