Compliance Action, Volume 21, Number 7

ATR and CRA: High LTV Loans (4 Action Steps)

By Lucy Griffin

The OCC's proposed guidance on making high LTV loans in designated revitalization areas seeks to strike a balance between safety and soundness concerns and meeting community credit needs.

The Federal Register: Reading CFPB's Documents (4 Action Steps)

By Lucy Griffin

Being new at the rulemaking process, carefully studying the documents published by the CFPB in the Federal Register may provide some insight into the Bureau's thought process.

Action Training: Getting Signatures Right on Mortgage Closing Documents (Charts)

By Lucy Griffin

In the mortgage application process, determining the titled ownership of the property so that all persons with the right to rescind are identified and sign the necessary documents is essential.

Compliance Notes

• Small Business Lending Survey
• Civil Money Penalties Adjustments
• Due Diligence Requirements
• Annual Regulatory Trigger Adjustments
• Banking the Unbanked

Compliance Calendar

In the Editor's Opinion
Dueling Regs: CRA and Fair Lending

By Lucy Griffin

Under current regulations and examination procedures, a fair lending problem can have a drastic effect on a bank's CRA rating.

Compliance Q & A

• Adverse Notice When Vendor Pulls Credit Report
• Documents Requiring Non-Borrowing Spouse's Signature
• Consistency in Staff Training