Fair Lending & CRA Services
FTI Consulting offers the governance, investigative and regulatory expertise to implement robust non-discriminatory compliance lending programs; helping financial institutions, secondary mortgage lenders, and other non-bank financial lenders maintain the highest standards and consistency and fairness in lending. We help clients proactively design robust non-discriminatory compliance lending programs and respond to regulatory inquiries, exams, enforcement actions and lawsuits as clients undergo intense scrutiny by the Consumer Financial Protection Bureau (CFPB), bank prudential regulators, state agencies, community groups and the U.S. Department of Justice.
Our services are included in the following four categories:
- Governance, Risk and Compliance Services – Including remediation and compliance project assistance; independent testing and pre-examination reviews; development and assessment of compliance management systems; and assistance with Community Reinvestment Act compliance, data capture, reporting, fair lending components, and identification of profitable lending opportunities.
- Assessment and Analysis – Providing a full suite of services that inform the Board and senior management and that ensure full compliance, including enterprise and general fair lending reviews; mortgage lending process analysis; large data set analytics and statistical modeling; and proxy or third party data analytics.
- Technology – Providing large transaction data set “look back” services and assistance with ensuring availability of quality data.
- Training – Our staff of former regulators and trained examiners provide a full range of customized training to boards and senior management.