The Fair Lending Panel: Rethinking Fair Lending

From the beginning, the Biden Administration has made it clear that fair lending and racial equity are critical focus areas for executive agencies. And true to form, executive agencies governing the financial services space – including the CFPB – have taken concrete action to strengthen their ability to combat purported racial discrimination. This panel will provide an update on the development of regulatory authority to combat discrimination, enforcement trends in fair lending and anti-discrimination, and will provide concrete strategies on how players in the space can attempt to mitigate fair lending risk. In doing so, this panel will discuss emerging areas of concern such as algorithmic bias, the use of UDAAP as a tool for regulators to combat discrimination, trends in advertising and marketing and fair lending and recent state and federal regulatory commentary regarding fair lending and climate change.