Fair Lending Policies

Fair lending policies are rules that ensure all individuals have an equal opportunity to borrow money, such as mortgages or personal loans. These policies prohibit discrimination based on factors like race, gender, age, religion, or national origin. The goal is to promote fairness in lending practices and prevent biased treatment. Financial institutions are required to evaluate applicants consistently and fairly, providing equal access to credit regardless of protected characteristics. Overall, fair lending policies help create a transparent, inclusive financial environment where everyone has a fair chance to secure financing.