Bringing you a visual representation of your lending activity to help you uncover potentially discriminatory lending patterns.
We help you manage your CRA and Fair Lending risk by mapping your loan activity, identifying areas of gaps and related risk, and determining your loan penetration within underserved and minority communities in your market area.
Subtle changes in demographics and minority populations within your market area may go unnoticed, especially if your bank has expanded into new regions.
Failing to analyze and understand such changes, not understanding residents’ credit needs, and offering loan products unsuitable for the population can open you to risks.
You don’t want to be that bank and suffer reputational and financial harm because of a knowledge gap. Not understanding your banks’ lending patterns within your market area and inadequate marketing and outreach efforts could inadvertently lead to discriminatory lending practices.
We bring you the tools and talent to allow you to visualize your loan activity and show how you can adjust it accordingly.
Using mapping software, we provide a visual picture of your lending patterns and demonstrate neighborhoods or communities that may have been excluded or have limited lending activity.
By incorporating your lending data — loan applications, originations, and denials — we uncover your bank’s lending trends and gaps and pinpoint unseen biases.
After our analysis, you have a complete picture of your lending area and patterns, insight into whether your lending practices are sufficient, and strategies to improve credit access.
TCA gives you A Better Way to map your loan activity and accurately plan how to address your community’s credit needs.
Key deliverables include:
- Providing maps to allow you to make more intelligent and strategic lending decisions
- Helping you identify and proactively respond to population shifts in your market areas
- Identifying areas where residents face unequal access to credit
- Guiding you in enhancing your lending outreach and effectively meeting the credit needs of underserved communities and people from low-to-moderate income and minority backgrounds
Additional Fair Lending Topics
FFIEC Releases 2019 CRA Public Data Tables
On December 14, 2020, the FFIEC released the public disclosures for CRA data submitted for calendar year 2019. Note: If your institution does not report CRA small business, small farm or community development lending data, then this Special Release would not apply to you. Even if your institution is not a CRA reporter, a review […]
OCC Banks: Have You Hung Up Your New CRA Lobby Notice Yet?
If your institution is regulated by the FDIC or FRB, you can stop reading here, unless you want to see what could be coming your way in the near future. The OCC published a final Community Reinvestment Act rule on June 5, 2020 which marks a departure from the OCC, FDIC and FRB being “in […]
Three Hot CRA Concerns
Minding the pandemic, election and social issues is a lot to focus on but bankers will have to add the Community Reinvestment Act (CRA) to their full plates. There are three hot CRA topics on which to focus since CRA is still very much on the regulatory agencies’ minds. Despite 2020 upending CRA lending programs, […]
Loan Servicing & Loss Mitigation Are Fair Lending Risks Too!
As we are all in this unusual time of a pandemic with various levels of lockdowns and social restrictions and the resulting economic downturn, unemployment and business closures, many financial institutions are trying to wade through processes on how to help their customer base through modifications, deferments, waiving of fees and loan proceeds for small […]
Do These Activities Qualify for CRA Credits?
COVID-19 has caused nationwide turmoil, including in the financial services industry. Banks have been flooded with inquiries regarding deferral of payments, modification of loan provisions and loan requests to keep businesses afloat. Many banks have asked TCA whether certain activities would be considered as CRA credits or qualified community development activities. The first of many […]
CRA Thresholds Announced for 2020
The annual CRA asset-size thresholds for covered financial institutions were announced on December 30, 2019 applicable for 2020. The cutoff adjustments are based on the change in the CPI (Consumer Price Index) for each 12-month period ending in November, rounded to the nearest million. As a result of the 1.62% increase in the CPI, the […]
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