Capabilities

Regulatory advice

A Large Depository Institution
2015

A large depository institution discovered that it might not have provided adverse action notices to some loan applicants in accordance with the Equal Credit Opportunity Act and Regulation B.  Our attorneys advised the institution with respect to its remediation efforts, disclosure of the issue to the regulators, and monitoring its lending for compliance with the fair lending laws.  The matter was settled with no enforcement action taken by any regulatory agency.

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