Assess whether the exam response should concede a finding (55f42b)

SITUATION Exam-response coordinator in a bank with thin HMDA LAR quality has one working extract — SPCP written plan versus actual originations — after a DOJ or CFPB monitor request for pricing files. If SPCP written plan versus actual originations cannot support the exam response should, the only defensible Fair Lending output is hold.

DECISION Exam-response coordinator in a bank with thin HMDA LAR quality must choose Remove access or reverse the item / Temporary compensating control / Approve a documented exception / Hold using SPCP written plan versus actual originations after a DOJ or CFPB monitor request for pricing files.

HYPOTHESES TO TEST 1. Authorize Remove access or reverse the item now; SPCP written plan versus actual originations already has the discriminator after a DOJ or CFPB monitor request for pricing files. 2. Keep Temporary compensating control in force until SPCP written plan versus actual originations is completed after a DOJ or CFPB monitor request for pricing files for exam-response coordinator. 3. Treat SPCP written plan versus actual originations as Approve a documented exception because both readings appear after a DOJ or CFPB monitor request for pricing files. 4. Refuse a Fair Lending close: exam-response coordinator does not have the decision the exam response should turns on in SPCP written plan versus actual originations.

ANALYSIS REQUIRED 1. Compare SPCP written plan versus actual originations to similarly situated files, second-review notes, and reason codes after a DOJ or CFPB monitor request for pricing files. 2. Flag any disparate-impact table exam-response coordinator cannot explain from SPCP written plan versus actual originations. 3. Test a documented exception versus a pattern a bank with thin HMDA LAR quality must defend. 4. For this Fair Lending Redlining and HMDA Data file, read SPCP written plan versus actual originations against a DOJ or CFPB monitor request for pricing files and write the one fact that would move the exam response should for exam-response coordinator.

RECOMMENDATION Choose Remove access or reverse the item / Temporary compensating control / Approve a documented exception / Hold on this Fair Lending / Redlining and HMDA Data packet (SPCP written plan versus actual originations after a DOJ or CFPB monitor request for pricing files). The follow-on Redlining and HMDA Data action is what exam-response coordinator does next: implement the option, assign an owner, and log the missing fact.

COMMAND RETURNS - Bottom-line Fair Lending option on the exam response should, then the evidence in SPCP written plan versus actual originations, then the action for exam-response coordinator - Hypothesis scorecard against SPCP written plan versus actual originations: supported / rejected / untestable - Named option among Remove access or reverse the item, Temporary compensating control, Approve a documented exception and the fact that kills the others - Owner and next date for exam-response coordinator in a bank with thin HMDA LAR quality