The National Credit Union Administration (NCUA) supervises and enforces fair lending laws and regulations at federal credit unions with assets of $10 billion or less. And, the NCUA educates federally insured credit unions on their fair lending and consumer protection obligations. The NCUA’s Office of Consumer Protection (OCP) is responsible for implementing the NCUA’s fair lending compliance program.
The two main federal laws prohibit discrimination in lending are the Equal Credit Opportunity Act (ECOA), Regulation B and the Fair Housing Act (FHA). Additionally, if you receive a Fair Lending Exam you can expect to have your compliance with the Home Mortgage Disclosure Act (HMDA), Regulation C reviewed as well.
During this audit, CUACG will review the following items:
Let CUACG’s certified examiners ensure your lending operations are in compliance with the required Fair Lending practices. Contact us today to get started!
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You are now leaving the Credit Union Auditing & Compliance Group's website. When you click on OK you will be transferred to a website that is not operated by the organization. The Credit Union Auditing & Compliance Group is not responsible for the content on the alternate site. Credit Union Auditing & Compliance Group does not represent the third party. Privacy and security policies of the alternate site may differ from those practiced by the organization.
You are now leaving the Credit Union Auditing & Compliance Group's website. When you click on OK you will be transferred to a website that is not operated by the organization. The Credit Union Auditing & Compliance Group is not responsible for the content on the alternate site. Credit Union Auditing & Compliance Group does not represent the third party. Privacy and security policies of the alternate site may differ from those practiced by the organization.