Latest Compliance - FRB Topics

By Richard Insley

At the recent National Graduate School for Compliance Management, a panel of regulators identified the regulations that they see as the greatest compliance risk or exposure in the coming year.

Atlanta has been a source for significant development in the fair lending arena.

Well-using the acronyms for which this industry is famous, here is part of a quote from an article on the subject of Flood Insurance:

After more than a quarter century of disclosing the costs of credit, there is movement toward re-evaluating the methods used to disclose costs in the Truth in Lending and Real Estate Settlement Pro

The Federal Reserve Board has announced the new members of the Consumer Advisory Council. The Council advises the FRB on issues of interest and concern to consumers.

A Commentary is a document which interprets and explains the regulation and law. But commentaries are not always clear and self-explanatory.

Credit scoring systems are becoming increasingly popular among lenders, particularly as lenders are pressured to make fair and consistent decisions.

HMDA looks deceptively straightforward. However, as we work with it, we continue to discover areas of ambiguity.

In the compliance world, this is the busiest time of the year. This is always the time of year when we face learning about compliance provisions in new legislation.