Most Popular Lending Content
Denied based on outside information.
05/12/2024
Can you provide guidance on what is considered an outside source? On the Notice of Action Taken in the Disclosure of Use of Information Obtained from an Outside Source, what would be considered an outside source. We have a customer where the denial is based on “Collection Action or Judgment” which was identified when the account officer did a search through our State’s website. Would this constitute such a disclosure and if the borrower wanted to request a copy as they have a right to would we simply give them the name of the website?
Can people under 21 get a credit card?
05/12/2024
Is it true that people under the age of 21 are not permitted to get their own credit card?
Credit analysts and document management software
05/12/2024
How can document management software benefit credit analysts?
UDAP vs. UDAAP
05/12/2024
Where does the CFPB’s authority come in when they determine something is “Abusive”?
Late Fees and Insiders
05/05/2024
Overdrafts may be one issue, but what about a late fee waiver on a loan for bank director - would this be a violation of Reg. O?