Latest Compliance - Service Fees Topics

Jesse Jackson Jr. has been elected to Congress and is a member of the House Banking Committee. He plans to take actions that will reverse the effects of discrimination and redlining. The new Rep.

Question: Our HMDA reports show that we have improved our ratio of lending to minorities but the percentage of minorities that are borrowers is smaller than the percentage of minorities in o

FDIC has a new Director of Compliance. Paul Sachtleben has moved on to other managerial responsibilities at FDIC and Carmen Sullivan is FDIC's new Director of Compliance. Ms.

Question: Our lending staff has been approached by a mortgage broker who would like to refer loan clients to the bank. He would charge the bank a fee for the referral.

President Clinton has announced two nominations to the Board of Governors of the Federal Reserve System.