In a recemt article, Oak Tree's CEO discusses the fundamentals of risk-based lending. The best way to know how to steer away from this tricky topic, is to follow these steps accordingly. Another topic needing to be discussed is the difference between Compliance and the Letter of Law.
A piece of the article states, "It is illegal for any credit union to use the aforementioned reasons as a basis to refuse a loan to any member, discourage members from applying for loans, provide different credit terms for members with similar creditworthiness situations, or close member accounts. The best way to avoid a fair lending charge is to understand what risk factors the examiners are looking for. According to the "effects test" or disparate impact doctrine, which assume that demographic and statistical information can be used to demonstrate discriminatory practices, you must avoid any type of direct or intentional discrimination including any practices that have the effect of discrimination."
Furthermore, this type of article should always be read and known about in order to uphold any necessary information regard any discrimination acts. To maintain any possible risk-based compliance, it is imperative to never push away any issues arising in the work field.