Latest Compliance - Applications Topics

A statement released on September 26, 1996 by the FDIC's Division of Compliance and Consumer Affairs (FIL-74-96) advises that

Buried in the Equal Credit Opportunity title of the Consumer Credit Protection Act, sits a provision which requires the Federal Reserve Board to establish a Consumer Advisory Council ("CAC") to adv

The CRA committee devoted most of its time to the FRB's proposal to amend Regulation Y to streamline the processing of certain applications.

ACLU has filed a private lawsuit under the fair lending laws against a mortgage banker based in Mt. Laurel, New Jersey.

The FDIC has released "Mortgage Loan Prequalifications: Applications or Not?" to give guidance on compliance with Regulations B and C.

HUD still struggles to find the right solution for computer loan originations. Computer loan originations are designed to help consumers shop for loans.

There is no word yet on the proposal to amend Regulation B to permit collection of information on gender and race for consumer loan applications.

Question: In our effort to review our entire loan portfolio for flood insurance compliance, we have identified a vendor who will certify our entire portfolio at a very low cost if we retain

Compliance training is becoming a favorite item of compliance examiners and is therefore one of the most important elements of your compliance program.

There were 11,081 community banks in existence at the end of 1992, compared with 11,552 in 1991.