2017 Azbee Awards of Excellence
Category
Online > Q&A > Northeast
Awarded to
Steven Cocheo, executive editor & digital content manager
Entry details
Fair lending from a veteran's perspective
Issue date (if applicable):
Publication name: Banking Exchange/www.BankingExchange.com
Publishing company: Simmons Boardman Publishing Corp.
Website home page: www.BankingExchange.com
Please describe the publication's mission and readership:
To say banking is undergoing a “revolution” overstates the case. Take away the “r” and you have “evolution.” But that understates it. Here is a sample of what banks are up against: On the one hand, they are trying to stay relevant in the digital age by letting customers do their banking using Alexa, Amazon’s digital assistant. Easier said than done for most banks who must rely on three big technology suppliers to provide the necessary support. On the other hand, banks still struggle under post-crisis regulations and are hoping a Trump administration will bring some relief. All that and much more are the "sweet spot" of Banking Exchange magazine and its companion website, bankingexchange.com—providing readers with the "competitive intelligence" to succeed. Our primary audience is bankers at roughly 6,000 U.S. commercial and savings banks. In print we reach 27,625 bank executives and managers from small and large banks across the country—42% top management and 47% middle management. In sum, Banking Exchange writers, editors, and contributors strive to do three things in print, online, and in social media: Inform, Assist, Challenge.
Please describe the enterprising work that went into this entry and its significance or impact on readers:
During the last decade a new school of legal thought called “disparate impact” has evolved in the area of fair-lending regulation and enforcement. Disparate impact holds lenders responsible for behavior that may have been neutral in intent but deemed discriminatory in outcome. This is as opposed to explicit “disparate treatment,” the classic grounds for pursuing fair-lending cases.
Attorney Andrew Sandler, now head of BuckeySandler LLP, has been representing banks in fair-lending law cases pretty much from the beginning. The basic federal laws governing this area—the Equal Credit Opportunity Act and others—have been in place for decades. Sandler has worked on major fair-lending cases, head-to-head with government regulators and lawyers. His involvement in this work gives him insights into the direction of fair-lending policy and philosophy that many other attorneys lack.
We’d spoken to Sandler over the years, and this interview built on that level of trust to bring critical and timely advice to our readers.
Links to entry URLs
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Entry URL(s), if applicable:
http://www.bankingexchange.com/news-feed/item/6382-fair-lending-from-a-veteran-s-perspective
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Fair lending from a veteran's perspective
Category
Online > Q&A > Northeast
Description
Publication name:
Banking Exchange/www.BankingExchange.com
Company:
Simmons Boardman Publishing Corp.
Winner Status
- National Gold Award
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