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Fair Lending Compliance: Intelligence and Implications for Credit Risk Management

About the Book

book cover Fair Lending Compliance: Intelligence and Implications for Credit Risk Management
By: Clark R. Abrahams and Sunny Zhang
ISBN: 978-0-470-16776-2
Pages: 384


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Fair lending is no longer just a compliance issue -- it arguably has a significant impact on an institution's business growth and line operations. New ways of thinking about credit risk and credit access, supported by sound and powerful analytical methods, are required in order to seize revenue opportunities of an ever-expanding pool of credit consumers, while meeting regulatory challenges relative to lending products and practices. To that end, this book describes the frameworks and their building blocks for an effective compliance program and related risk measurement systems. The analysis methodologies explained in the book can help leverage alternative data and the next generation of credit models.
About the Authors

author photo Clark Abrahams is director of Fair Banking at SAS where he leads business and product development. He has over 30 years of experience in the financial services industry. Prior to joining SAS in 2003, Abrahams was the Chief Risk Officer for Fidelity National Corporation. He has also held positions with Bank of America (Senior Vice President --responsible for asset/liability management, credit policy, compliance, and information technology), as well as with Fair Isaac & Co., Standard Oil of Indiana, The Bank of California, and Barclays Bank. He is a frequent speaker at events sponsored by the American Banking Association, American Conference Institute, Bank Administration Institute, International Institute for Research, and serves on an advisory council of the Brookings Institution's Urban Markets Initiative. Mr. Abrahams graduated from UC Berkeley and earned an MS in Engineering from Stanford University, and is a member of CFA Institute.

author photo Mingyuan Zhang is a solutions architect for SAS Financial Services. Over the last 10 years with SAS Institute, he has successfully developed and implemented many economic forecasting, data mining, and risk management solutions for various industries. Prior to joining SAS, he served as an economic & financial analyst for a leading telecommunications consulting firm. Mr. Zhang earned an MBA from State University of New York at Buffalo and Ph.D. in Economics from Kansas State University, and is a member of the American Statistical Association.

Samples and Tips, Blogs, and More
Podcast with Clark Abrahams and Sunny Zhang

Clark Abrahams and Sunny Zhang discuss the background of their book with Shelly Goodin of SAS Press.

Click here (mp3 format)

Point of View Video

Clark Abrahams, Chief Financial Architect, Fair Banking, discusses SAS' ability to help banks improved fair lending practices.

Click here