Canarie AI

Exam Preparation

Fair Lending Exam Preparation for Credit Unions

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 credit unions.

More for Credit Unions

Credit Unions Exam Preparation Challenges

Limited compliance resources
Volunteer board oversight requirements
NCUA examination preparation
Member data protection
Balancing service and compliance

Examining Agencies

CFPBFDICOCCFederal ReserveDOJ

Exam Frequency

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

Preparation Steps for Credit Unions

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 Credit Unions

NCUA safety and soundnessBSA/AMLConsumer complianceFair lendingPrivacy and data security

Frequently Asked Questions

Transform Fair Lending Exam Preparation for Your Credit Union

See how credit unions prepare for examinations in days, not weeks.