Latest Compliance - Calculators/Calculating Topics

The word from the regulatory agencies is out, and it's final. There will be no delays in implementing the new CRA regulation and examination procedures.

Question: One of the reasons on our adverse action notice form is "Limited credit experience with this bank." Is this a valid reason to deny credit?

by Thomas P. Della Torre

To almost no one's surprise, fiscal 1995 has been a record-breaker with respect to flood damage claims. As of January 1996:

The FRB has published its final commentary to Regulation C, Home Mortgage Disclosure. It takes effect on January 1, 1996 and will affect your data collection and reporting for 1996.

The Federal Reserve Board is requesting comments on a proposed check fraud survey.