Section 1071 and the fair lending renaissance

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Although the technical requirements of fair lending regulations have not undergone significant changes in recent years, expectations for more comprehensive fair lending programs continue to expand.

With the implementation of Section 1071 and the subsequent expansion of data collection, fair lending compliance programs will need to adapt and become a fundamental aspect of a financial institution's risk management function and culture.

As many modern consumers increasingly demand that their banks act as both financial and social stewards, financial institutions may need to consider managing the integration of Section 1071, fair lending, and potentially even the social element of their environmental, social, and governance framework.

Join us as Crowe specialists cover:

• Regulatory requirements for the Section 1071 final rule
• Integration of the Section 1071 requirements into an institution’s existing fair lending program
• How these changes might benefit the social impact of the banking industry