Latest Compliance - OCC Topics

Open-End Credit and Regulation Z

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According to the OCC, the most common violation of Regulation B that examiners identify is 12 CFR 202.9(a)(2), the content of the adverse action notice. This isn't exactly a new violation.

The Comptroller of the currency has stated that lenders may charge high rates to customers. This statement was made in the context of a talk on predatory lending concerns.

FCRA: The OCC Unleashed

The agencies that will administer and interpret the privacy provisions of the Financial Modernization Act (we like calling it "FinMod") have published proposed regulations to implement the privacy

The OCC has published its latest directory, "Community Development Investments Program for National Banks." Along with two previously published documents, these directories include information on h

The OCC may have been the first to speak out on this topic, but all bank regulatory agencies are now on the bandwagon.

Question: I have heard that there is a guideline of 10% overrides for lenders that use credit scoring to make or support a credit decision.

You have two months to get your HMDA report entered, checked, corrected, and sent in. And that's on top of all the Y2K activities.