The federal government is looking for ways to get bankers into the swing of fair lending. The latest measure? Try a 56-page fair lending guide issued by the FDIC aimed at helping bankers detect and prevent illegal lending discrimination.
The guide, which the FDIC hails as the "first practical, step-by-step self-help guide to fair lending issued by a federal regulatory agency," points financial institutions toward ways to best use testers, analyze loans for discriminatory treatment, and implement corrective measures to rectify past problems.
Sent to approximately 7,000 financial institutions supervised by the FDIC, the guide, titled "Side-by-Side: A Guide to Fair Lending," can be obtained at no charge by other institutions by request. Requests should be sent to: FDIC Office of Consumer Affairs, Room F-130, 550 17th Street, NW, Washington, D.C. 20049.