Latest Compliance - Federal Reserve Topics

We don't often get good news about what Congress has done with compliance legislation. But this year's banking act had some genuine burden relief.

Congress's efforts at burden relief often fall short of the mark. However, one important feature in this year's banking act provides protection for fair lending self assessment.

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

In response to the Federal Reserve Board's proposal to streamline the application process for certain bank applications, the National Community Reinvestment Coalition ("NCRC") has raised strident c

On September 16, 1996, the Federal Reserve Board issued final regulations to implement the Truth in Lending Act Amendments of 1995.

Note to the Reader: This article identifies the key features of the changes to Regulation Z. In our next issue, we will provide au in-depth analysis and compliance advice on these rules.

Question: I'd like to get a copy of the "Partners" software that you described in this newsletter but I'm not on the Internet. Can you tell me how to get a copy?

The Federal Reserve Board has requested nominations for membership to the Consumer Advisory Council ("CAC").

The Federal Reserve Board has given the public an extra five weeks to comment on its proposal to amend Regulation E.

As part of its regulatory improvement process, the Federal Reserve is proposing changes to Regulation CC and simultaneously to the Commentary.