Latest Compliance - Dormant Accounts Topics

Question: Our bank has a customer who maintains several large accounts with us. He has asked for a rate on a CD that is .126% higher than our posted rate.

Fair lending means flexible underwriting. The old standards are being scrutinized and new ideas tested. Ratios are changing. The significance of the credit report has changed.

When Congress enacted the National Flood Insurance Reform Act of 1994, it meant business. One of Congress' goals was to ensure that property needing flood insurance was in fact insured.

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

By Richard Insley