Understanding the People Behind the Numbers in Fair Banking
Data is critical to lending institutions, but financial institutions must remember that there are people behind the numbers. With a focus on fair lending practices, financial literacy and compliance - Britt Faircloth, SVP, Fair Banking Officer at Valley Bank, offers her insights on how financial institutions can partner with their compliance teams to offer the right products for their communities.Join us as we discuss:Using data to ensure products fit the needs of communitiesHow compliance and product can partnerFair lending approaches applied to non-lending productsCorporate responsibility and environmental, social and governance (ESG)The importance of financial education and literacy