Nine videos on fair lending released by FDIC

Nine technical assistance videos focusing on fair lending compliance – including fair-lending risk mitigation and preparing for the regulator’s fair lending reviews – were released Tuesday by the Federal Deposit Insurance Corp. (FDIC) for supervised institutions.

The videos, ranging in length from 10 to 28 minutes, are aimed at providing a “high-level” overview to help FDIC-supervised institutions assess and mitigate fair lending risk and to understand how FDIC examiners evaluate fair lending compliance, the agency said.

The agency gave a brief overview of the videos in a Financial Institution Letter (FIL), as follows:

  • Video 1 provides an overview of the federal fair lending laws and regulations and is intended for bank directors and senior managers.
  • Video 2 focuses on how a bank’s compliance management system can mitigate fair lending risk and is intended for bank management and compliance staff.
  • Video 3 discusses how FDIC examiners evaluate fair lending risk during a consumer compliance examination and is intended for bank management and compliance staff.
  • Videos 4-9 discuss specific fair lending risk factors, as provided in the interagency fair lending examination procedures: overt discrimination, underwriting, pricing, steering, redlining, and marketing. These six videos are intended for bank management and compliance staff.

FDIC FIL-10-2021

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