Latest Compliance - IT Topics

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.

[Date]
William W. Wiles           RE: Docket No. R-0942
Secretary
Board of Governors of the Federal Reserve System
20th Street and Constitution Avenue, N.W.

If you or one of your customers are dealing with a house, condo or apartment built before 1978, starting December 6, 1996, you'll have to disclose to potential buyers or renters what you know about

At a recent meeting of the Washington, D.C.

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.

ACLU has filed a private lawsuit under the fair lending laws against a mortgage banker based in Mt. Laurel, New Jersey.

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