Latest Compliance - Policies Topics

JULY
July 1, 2000 - This is it for implementing the new exemption procedure.

JUNE

FNMA is shouldering the hefty burden of setting standards that define predatory lending - so it can refuse to buy loans that reflect predatory practices.

The most recent fair lending development comes, not from the U.S. Department of Justice ("DOJ") but from a "friendly" regulator, the Board of Governors of the Federal Reserve System ("FRB").

Question: I'm concerned about your answer to the different hold policies. I'm a little concerned that banks could have hold policies that have service disparities for CRA purposes.

The debate about whether year 2000 is also the beginning of a new millennium is telling.

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.

We've said it here before, but now the American Banker's Association's incoming president is saying it: privacy is our next big issue.

If you haven't gotten the message yet, the invasion of customer privacy by banks is out.

Alan Greenspan, at the 1997 Conference on Privacy and the Information Age, observed that "the dictionary defines privacy as the state of being free from unsanctioned intrusion."