Redlining in the Current Environment, Part 1 | Calling All Bank Directors Ep. 21

This week, host and AABD President David Baris is joined again by Dr. Dave Skanderson, an expert on analyzing statistical evidence of fair lending results, to discuss redlining and what it might mean to your bank and board. Redlining has a long history but even to this day, it still raises its ugly head. This is part 1 of our discussion.

What is redlining? How does your board find out if your bank is engaging in redlining or appearing to do so? What preemptive steps can your bank take to assure that it is now and will be in compliance with legal and regulatory requirements? What corrective action can your board take to fix the problem and minimize risk of liability?

Dr. Skanderson will answer these questions and also address recent enforcement actions of the banking agencies and CFPB against institutions alleged to have engaged in redlining in order to guide bank directors into taking steps now to minimize risks of enforcement actions.

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Thanks to our guest, Dr. Dave Skanderson: https://www.linkedin.com/in/davidskanderson/

Calling All Bank Directors is the podcast of the American Association of Bank Directors. AABD has been your advocate since 1989 and our podcast, hosted by AABD President David Baris, is designed to keep you well informed to help protect both you and your bank.

Questions? Contact dbaris@aabd.org.