Canarie AI

Exam Preparation

Fair Lending Exam Preparation for Community Banks

Fair lending examinations scrutinize your lending practices for discrimination and disparate impact. Canarie helps you maintain continuous evidence of your fair lending program, from policy reviews to monitoring activities to exception tracking. When examiners arrive, you demonstrate a well-documented program. Specifically tailored for the unique examination requirements facing community banks.

More for Community Banks

Community Banks Exam Preparation Challenges

Lean compliance teams wearing multiple hats
Same regulatory scrutiny as larger banks
Limited budget for compliance technology
Managing multiple examiner relationships
Keeping up with regulatory changes

Examining Agencies

CFPBFDICOCCFederal ReserveDOJ

Exam Frequency

Every 2-3 years or as part of consumer compliance examination

Preparation Steps for Community Banks

1
Update fair lending risk assessment
2
Review underwriting and pricing policies
3
Compile exception tracking documentation
4
Gather comparative file analysis results
5
Document complaint monitoring activities
6
Prepare HMDA data integrity evidence
7
Compile fair lending training records

Evidence Examiners Expect

Fair lending policy and procedures
Risk assessment documentation
Underwriting exception analysis
Pricing exception tracking
Comparative file review results
HMDA data quality reports
Fair lending training completion

Related Compliance Areas for Community Banks

Safety and soundnessBSA/AMLConsumer complianceFair lendingCRA

Frequently Asked Questions

Transform Fair Lending Exam Preparation for Your Community Bank

See how community banks prepare for examinations in days, not weeks.