Asurity reviewed a fintech’s fair lending compliance management system, assessed design and operational effectiveness, conducted interviews and document reviews, and provided recommendations to strengthen regulatory compliance.
Case Study Category: CRA Program Support
Targeted CRA Gross Annual Revenue Review
The Community Reinvestment Act (CRA) encourages financial institutions to meet the credit needs of all their communities, particularly low- and moderate-income neighborhoods. The Federal Reserve,..
CRA Self-Assessment and Exam Preparation
Federal regulators generally examine institutions for their Community Reinvestment Act (CRA) performance every three-to-four years. Under the existing rule, the CRA performance evaluation consists of the lending…
CRA Strategic Plan
Asurity partnered with an OCC-regulated bank to evaluate and optimize its CRA Strategic Plan, ensuring compliance, strategic direction, and preparedness for a CRA exam following a new branch opening.
CRA Self-Assessment
Community Reinvestment Act (CRA) exams are performance evaluations conducted by federal regulators to assess how well a financial institution meets the credit needs of its entire community…
HMDA & CRA Scrub
The Home Mortgage Disclosure Act (HMDA) is a federal law enforced by the Consumer Financial Protection Bureau (CFPB) that requires financial institutions to collect and report on their mortgage…