Preiss&Associates, LLC

Preiss&Associates, LLC Founded in 1992, Preiss&Associates is a Chicago-based Fair Lending Risk Management and fair lending consulting firm.

Changes are coming to small business lending. What might this mean for your institution? Learn more on the Preiss&Associ...
06/15/2017

Changes are coming to small business lending. What might this mean for your institution? Learn more on the Preiss&Associates blog.

http://www.preissco.com/changes-are-coming-to-small-business-lending/

In the Consumer Finance Protection Bureau’s Annual Fair Lending Report released earlier this year, the CFPB announced it is close to finalizing rule changes regarding the collection and reporting of data on small business lending. “Because small businesses are the backbone of our economy,” Patrice F...

Ever wondered how the Consumer Finance Protection Bureau determines your institution's "peers"? We break it down for you...
02/09/2017

Ever wondered how the Consumer Finance Protection Bureau determines your institution's "peers"?

We break it down for you on the blog.

http://www.preissco.com/peer-peer-who-is-your-peer/

The Fall 2016 edition of the Consumer Finance Protection Bureau’s Supervisory Highlights devoted several pages to the topic of redlining. Some of what the CFPB had to say about fair lending was not new—for example, that “redlining is a priority area in the Bureau’s supervisory work” or that “redlini...

What does the year have in store for fair lending and compliance professionals? The CFPB has made their priorities clear...
01/24/2017

What does the year have in store for fair lending and compliance professionals? The CFPB has made their priorities clear. We offer some insights on the Preiss&Associates blog.

http://www.preissco.com/preissassociates-guide-to-fair-lending-in-2017/

What does the year have in store for fair lending and compliance professionals? Some speculate that the new year and new administration could bring big changes — perhaps reduced authority or even a new structure for the Consumer Finance Protection Bureau. But if you ask the CFPB, their priorities ar...

What is REMA and how can it affect your institution? Learn more on the Preiss&Associates blog!http://www.preissco.com/re...
12/13/2016

What is REMA and how can it affect your institution? Learn more on the Preiss&Associates blog!

http://www.preissco.com/rema-reasonably-expected-market-area/

Recently I attended a seminar where a Federal Deposit Insurance Corporation representative used the term “REMA” in a discussion of redlining risk. Have you heard the term? It’s a helpful acronym to know if you desire to understand how the FDIC makes determinations about redlining. What follows borro...

"...history says Fulton is unlikely to escape punishment if the Justice Department finds that it violated fair-lending l...
12/01/2016

"...history says Fulton is unlikely to escape punishment if the Justice Department finds that it violated fair-lending laws."

http://www.americanbanker.com/news/community-banking/as-doj-probe-widens-fulton-financial-overhauls-fair-lending-efforts-1092571-1.html

The Pennsylvania company has redoubled its outreach to low- and moderate-income consumers by partnering with Operation Hope on a down payment assistance program and naming a veteran banker to the newly created post of director of fair and responsible banking. But despite these efforts, history says…

Charter Bank has settled with the DOJ for alleged fair lending violations.While the provisions of the settlement contain...
11/17/2016

Charter Bank has settled with the DOJ for alleged fair lending violations.

While the provisions of the settlement contain some familiar provisions, there are also a few unique elements in the settlement that are worth noting—especially for smaller institutions.

http://www.preissco.com/charter-bank-fair-lending-settlement-with-the-department-of-justice/

The Department of Justice and Charter Bank of Corpus Christi, Texas have announced the settlement of the fair lending suit referred to the DOJ by the Federal Deposit Insurance Corporation. This suit is one of a long line of fair lending legal actions brought by regulators. While the provisions of…

For the first time ever, the CFPB uses information obtained from "mystery shoppers" to settle allegations of fair lendin...
07/15/2016

For the first time ever, the CFPB uses information obtained from "mystery shoppers" to settle allegations of fair lending violations. Learn more on the blog:

This month yet another financial institution has entered into a consent order with the Department of Justice and Consumer Finance Protection Bureau over allegations of discriminatory mortgage lending practices. BancorpSouth Bank, headquartered in Tupelo, Miss., is accused of: Structuring their lendi...

07/12/2016

Yet another institution settles allegations of "redlining."

Department of Justice Office of Public Affairs FOR IMMEDIATE RELEASE Wednesday, June 29, 2016 Justice Department and Consumer Financial Protection Bureau Reach Settlement with BancorpSouth Bank to Resolve Allegations of Mortgage Lending Discrimination Settlement Provides Over $10 Million in Monetary...

Our final installment in our three-part blog series on the CFPB's 2015 annual report is here! Learn more about the Burea...
07/08/2016

Our final installment in our three-part blog series on the CFPB's 2015 annual report is here! Learn more about the Bureau's new rules for HMDA reporting and small businesses.

In early May, the Consumer Finance Protection Bureau released its Annual Report on fair lending activities during 2015. The report provides a thorough and detailed look at each of the actions the Bureau took in the last year, its current methodologies for identifying and pursuing fair lending cases…

Check out part two of our series on the recently released CFPB 2015 annual report. In this section we look at actions th...
06/02/2016

Check out part two of our series on the recently released CFPB 2015 annual report. In this section we look at actions the Bureau took last year and what compliance officers can learn from them:

http://www.preissco.com/a-closer-look-at-the-cfpbs-annual-report-part-ii-approaches-to-enforcement/

Note: This blog is the second in a three-part series exploring the Consumer Finance Protection Bureau’s 2015 Fair Lending Report. The recently released Consumer Finance Protection Bureau’s 2015 report contained detailed insights into settlements and actions that resulted in approximately $108 millio...

Address

1551 Tara Lane
Lake Forest, IL
60045

Opening Hours

Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 5pm

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+18472956881

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