So, it sounds like if the bank self-tests and takes action to fix the problem, AS LONG AS they don't tell the regulatory agency or the public, they are OK. However I'm not sure how this would apply in the context of regulatory exams, which would probably uncover both the discriminatory problem and the remediation put into place. 1) determine the extent of the discrimination
2) Should be a little more specific. Depending on the type of lending discrimintation may violate more laws than not. Mortgage discrimintation would violate Fair Housing Act as well as Reg B. Credit Card might just hit Reg B. BUT ANYWAY:
3) If the violation just falls under Reg B and the bank engages in self-correction, according to my manual, "the reports, results, analysis, opinions, and conclusions of the self-test will be protected by a privilege." Sounds like if you work to fix it you can't get in trouble for it. But read this interesting bit: "The privilege will be lost if the information is voluntarily disclosed to the government or the public or is used in any manner as a defense to a discrimination charge."