Most Popular Compliance Content
Calculating Flood Insurance On A Duplex
12/18/2016
How do you calculate flood insurance on a duplex where the borrower is purchasing both and they will live in one as their primary residence and the other side will be a rental? There will be two separate purchase loans; one for the primary residence and one for the rental. Does it make a difference if it is titled differently vs titled the same?ra
Banks and BSA/AML penalties
12/18/2016
Have there been any significant BSA/AML penalties imposed on banks?
ODP: Have there been changes?
12/11/2016
Has the CFPB issued any regulations concerning overdraft payment programs?
TCPA penalties and updates
12/11/2016
Is the Telephone Consumer Protection Act even an issue today?
GMI On Unsecured Consumer Loans: Reg B
12/04/2016
My question is that our compliance department is asking operations to gather GMI on all unsecured consumer loans that are currently on our books. The purpose is to run comparisons for fair lending. I have researched this and find that it is not allowable under Reg B, however the argument is that these are already our loans and we are not asking the borrower for it up front to make a lending decision. I would appreciate your opinion.