Overrides, overages, and rate bumping: A survey of fair lending and credit-scoring practices

This article discusses the results of the Compliance Solutions survey of the fair lending practices of financial services firms, focusing on some of the more timely issues related to fairness in both underwriting and pricing, reviewing the analytical processes undertaken by compliance officers in pu...

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Bibliographic Details
Published in:ABA Bank Compliance 2001-03, Vol.22 (3), p.48
Main Authors: Crass, J Evan, Collins, M Cary
Format: Article
Language:English
Subjects:
Bank officers
Comparative analysis
Compliance
Credit scoring
Decision making
Fair lending
Financial services
Polls & surveys
Retail banking
Risk management
Small business loans
Studies
Underwriting
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Summary:This article discusses the results of the Compliance Solutions survey of the fair lending practices of financial services firms, focusing on some of the more timely issues related to fairness in both underwriting and pricing, reviewing the analytical processes undertaken by compliance officers in pursuit of fair underwriting and fair pricing processes and the resources and tools available to the respondents, and drawing conclusions from the survey results.
ISSN:0887-0187
1930-3963