Latest Compliance - Disclosures Topics

Question: In a recent issue, you explained that one of the most common violations to Regulation DD was to fail to include complete information with renewals of time accounts.

Question: We have a policy of providing overdraft protection but have done so on an informal basis. Now we are considering whether to use a formal agreement with customers.

Question: What is the most common violation of Regulation DD?

Everyone complains about regulatory burden. But banks do seem singled out.

Fixing The Process

David Fynn, SVP with National City Bank, Cleveland, predicts that banks may end up with a higher standard of disclosure over the Internet.

Activity on the Internet is increasing dramatically. It is now much more than e-mail and amusement sources for children who have outgrown cartoons.

Truth in Lending Errors

The Federal Reserve Board has published its 1997 update to the Regulation Z Official Staff Commentary.

In keeping with its annual schedule for updating the Regulation Z commentary, the Federal Reserve Board has proposed revisions to the commentary.