03/05/2001
We are considering the creation of a Web page and the offering of electronic banking services to our customers. Do you have any guidelines or a checklist of the items we should be taking into consideration? I am concerned that we are overlooking some basic items as we move into this new type of products.
02/05/2001
FRB hotline has indicated that only applications that are resubmitted unchanged can be considered as reinstated any changes would equate to a new 2nd application. This seems impossible to practice any change in loan amount, counteroffer renegotiations, etc. Ideas?
01/15/2001
What is the best way for a bank to disclose their privacy policy if they want to use the 40.13 exception for service providers and joint marketing? Our bank wants to reserve the right to market our products through nonaffiliated third parties if the occasion arises, but we want to avoid having to do "optout" at this point.
01/01/2000
Fair lending has reared its head more than once in the 1900's and promises to be a front burner topic in the coming decade. In the 1990's, fair lending enforcement has reached an all time high.
01/01/2000
Truth in Lending, and its close ally, Regulation Z, have been at the center of the compliance circle from the beginning.
12/01/1999
You have two months to get your HMDA report entered, checked, corrected, and sent in. And that's on top of all the Y2K activities.
10/01/1998
Congress is concerned about the coming millennium and has called the bank regulatory agencies to testify.
10/01/1998
If you are hoping that the Department of Justice's interest in fair lending enforcement is fading, you are headed for disappointment.
10/01/1998
by Pat Patrick, Banc One National Regulatory Compliance Division
07/01/1998
Last month (May 13, 1998), the bank regulatory agencies issued guidance on contingency planning for Year 2000. It's not enough to plan for Year 2000.