Latest Compliance - Custodial Accounts Topics

Question: What are acceptable ratios for loan applications from minorities and approvals to denials for minorities and non-minorities? Are there any standards?

The Federal Reserve Board has proposed an update to the Official Staff Commentary to Regulation B, Equal Credit Opportunity.

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: