The Trident Mortgage redlining fine should be a reminder to compliance risk management officers about the Fair Lending pitfalls a lender can fall into. It is clear that the DOJ and the “Bureau” have marching orders that differ from that of their predecessors.
GeoDataVision Fair Lending Guru, Rocky Pizzarello has developed a document that summarizes the “takeaways” to be learned from the Trident Mortgage case. Mr. Pizzarello is one of the most experienced Fair Lending experts in the country. The bullet point memo he has compiled is a good checklist for monitoring your potential exposure and preventing the catastrophe that hit Trident Mortgage.
Check out the special document below that Rocky has prepared as well as one of the news stories recapping the case.
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