NCUA Q&As – What triggers a fair lending examination?

Compliance > Lending > Fair Lending
Q:  What triggers a fair lending examination?
 
A:  NCUA uses multiple factors to determine whether a federal credit union demonstrates the potential for higher fair lending risk which could lead to a fair lending exam or an off-site supervision contact, including Home Mortgage Disclosure Act (HMDA) reports, fair lending violations or complaints, general compliance risk, and other factors.  Additional information about fair lending examination selection criteria is provided in Letter to Federal Credit Unions 13-FCU-02, dated March 2013.  
 
 
 
ADDITIONAL INFORMATION:
This Q&A was obtained from NCUA’s website, in a document entitled “NCUA Fair Lending Examination and Compliance Program for Federal Credit Unions,” which may be found here: 
 

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