AABD’s New Book Offers Practical Fair Lending Advice for Bank Directors and Executive Officers
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.
The Practical Handbook on Fair Lending for Bank Directors and Executive Officers, by AABD President David Baris, was written to provide bank directors and executive officers with practical, understandable fair lending risk management advice necessary to make informed decisions.
Co-authored by BuckleySandler attorneys Andrea Mitchell and Lori Sommerfield, and Shara Chang, Product Counsel at Affirm, Inc., the book is designed to serve as a daily reference tool for bank board and management leadership. It provides best practices and C-suite friendly guidance to navigate the complex and constantly evolving area of fair lending regulatory compliance.
The Practical Handbook on Fair Lending for Bank Directors and Executive Officers now available for purchase on Amazon.