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NCUA Releases Fair Lending Compliance Tools

Agency plans April 4 webinar on fair lending examination program and new lending guide.

By Heather Anderson | Updated on March 19, 2013

The NCUA on Tuesday released a letter to credit unions that details the regulator’s new fair lending tools it hopes will help federal credit unions comply with fair lending laws. The letter also explains the factors used to determine which federal credit unions will receive a fair lending exam or offsite supervision contact.

Although the NCUA did not issue fair lending laws, the regulator said it does supervise and enforce the rules, including the Equal Credit Opportunity Act, the Home Mortgage Disclosure Act and the Fair Housing Act.

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