Battle of the Numbers: Use of Statistics to Assess Fair Lending | Practical Law

Battle of the Numbers: Use of Statistics to Assess Fair Lending | Practical Law

A Practice Note describing the role of statistical analysis in fair lending compliance management. This Note discusses the different types of statistical analysis that can be used to detect potential violations of the Equal Credit Opportunity Act and other fair lending laws. This Note also explores the limitations inherent in this type of analysis and offers guidance for lenders in establishing and defending internal lending standards and policies.

Battle of the Numbers: Use of Statistics to Assess Fair Lending

Practical Law Practice Note w-000-7207 (Approx. 9 pages)

Battle of the Numbers: Use of Statistics to Assess Fair Lending

by Practical Law Finance
MaintainedUSA (National/Federal)
A Practice Note describing the role of statistical analysis in fair lending compliance management. This Note discusses the different types of statistical analysis that can be used to detect potential violations of the Equal Credit Opportunity Act and other fair lending laws. This Note also explores the limitations inherent in this type of analysis and offers guidance for lenders in establishing and defending internal lending standards and policies.