Consumer Finance Insights
June 18, 2014

Fair Servicing: Regulators Watch For Discrimination By Servicers

“Fair lending requirements apply throughout the life of the loan!”  That was the message delivered by federal regulators in October 2013, reminding loan servicers that they are subject to fair lending liability and must manage their fair lending risks.

In its May/June 2014 issue, the American Bankers Association’s Bank Compliance magazine features an article by Goodwin Procter attorneys discussing regulatory interest in fair servicing issues and how servicers can detect and prevent fair servicing problems.