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Welcome to Fair Banking Advisors llc
Providing financial services in today's environment of heightened legal and regulatory scrutiny is more challenging than ever. Fair lending compliance and risk management, in particular, has never been more important. The risks associated with non-compliance or sub-standard fair lending due diligence can threaten the hard-earned reputation of established firms and financially ruin originators, servicers and secondary market investors.
In fact, a root cause of the credit crisis that began in the U.S. sub-prime mortgage sector and quickly swept through the global economy was a failure to adhere to certain fundamental banking principles. Origination practices, underwriting standards and capital market requirements were often relaxed to levels beyond safety and soundness. Rather than demonstrating a commitment to broader access to credit and fair lending, these practices often triggered predatory lending concerns. With greater legislative and enforcement initiatives nationwide and increased focus on the foreclosure and credit crisis in the courts, in the media and with consumer advocacy groups, the fair lending landscape has changed dramatically.
Stakeholders at successful banks, thrifts, credit unions, insurers, and investment funds know that a commitment to fair banking practices goes beyond the statistical analysis of lending data. How do financial institutions and capital market participants reduce the risks of government enforcement actions and civil lawsuits? How do they provide credit and other financial services under profitable terms that won't lead to failure? Fair Banking Advisors LLC will show you how.
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