Latest Compliance - IT Topics

Question: I recently went to a seminar on fair lending in which a speaker stated that we should not be taking copies of loan applicants' drivers licenses.

Question: I am being deluged with calls and offers from companies about their products for HMDA, CRA and geoanalysis.

In what may be the most significant cost savings actions of the year, compared to what might have been, the Board of Governors of the Federal Reserve System has withdrawn the proposal to amend Regu

As more and more banks develop a home page on the internet, they are finding that there are some interesting compliance aspects of banking in cyberspace.

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

The Federal Reserve Board has published for comment regulations to implement the 1996 amendments to the Equal Credit Opportunity Act.

Managing a compliance program for fair lending has always been difficult because so much of fair lending turns on the fact situation and how it is viewed.

Question: We are receiving an increasing number of payment vouchers generated by telemarketing firms.

In this issue, we visit the FDIC at http://www.fdic.govIf you are a state non-member bank, this site should be at the top of your bookmark list.

Program disclosures for adjustable rate mortgages and home equity lines of credit must be updated annually. The historical example must be updated and must also reflect the terms of the contract.