Adverse action beyond lending
01/15/2017
Is a notice of action taken needed in the case where we choose not to open a deposit account because of information contained in a credit report?
Kelly M. Owsley, CRCM is Director of Training Services for Compliance Resource, LLC. Kelly's career in banking began in 2000. Since then she has worked for financial institutions ranging in asset size from $250 million to $3 billion. Kelly has worked in numerous areas of the financial services industry including retail branch management, lending, product development and training. In addition, Kelly spent three years in a training and development role with CUNA Mutual Group servicing the largest credit union in the United States. Most recently, she served as the Vice President of Compliance, BSA Officer, and CRA Officer for a community bank in Kentucky where she was responsible for implementing and training all compliance related topics. Kelly holds a Bachelor of Science degree in Accounting from the University of Kentucky and is a Certified Regulatory Compliance Manager.
01/15/2017
Is a notice of action taken needed in the case where we choose not to open a deposit account because of information contained in a credit report?
11/27/2016
Does Section 8 prevent us from accepting Christmas gifts from providers such as appraisers and title companies?
11/20/2016
We were told that the Supreme Court determined several years ago that Section 8 of RESPA is unenforceable. Is this an issue then?
11/20/2016
Wasn’t there a recent court decision that affects the CFPB’s ability to enforce Section 8?
11/13/2016
We have been told that marketing service agreements are illegal. We have a provider that is proposing a third-party agreement. He says this arrangement is not a marketing service agreement and is therefore legal.
11/13/2016
We are not examined by the CFPB. Should we be worried about Section 8 violations?
09/18/2016
Would single pay loans be exempt from the Military Lending Act since they are not set up on installments?
09/11/2016
If a borrower chooses to purchase credit insurance or a similar product, not required by the lender, does it have to be factored in the MAPR?
09/04/2016
It seems as if a parent or in-law is only covered if the military member is deceased. Is that true?
08/28/2016
Who must receive the written and oral MLA disclosures?