Latest Compliance - Tools Topics

As we enter 1996, we enter a new era for CRA. First, we passed through implementing the new law.

The good news is that they really are uniform, as written. In implementation, time will tell. However, keeping them uniform is partly the responsibility of banks.

The Federal Reserve has proposed revisions to Regulation DD, Truth in Savings.

Question: Are there any special rules or exemptions for "small banks" (those under $250 million in assets) when it comes to data reporting under HMDA and CRA?

Expedited funds is getting high level attention. The U. S. Supreme Court has heard and ruled on an expedited funds case.