Latest Compliance Topics

Question: As part of our routine underwriting procedure for mortgage loans, we obtain reports from an information reporting service on the status of the title that will secure the property.

Question: I am concerned about how our bank will perform under the new CRA regulation. We are a small bank (less than $250 million).

Question: Our bank is planning to offer a "debit" card. Is there anything we should be concerned about under ECOA?

Question: What is the difference between a co-applicant and a joint applicant? Are these different from a co-signer?

Examiners are finding violations of ?226.18(r), Truth in Lending's "required deposit disclosure." The required deposit disclosure is

For more than two years, banks have given intense attention to fair lending.

Lenders are and have always been responsible for maintaining compliance with flood insurance requirements for the loans in their portfolio as well as for the loans which they originate.

Strategies for the future efforts, and those efforts are likely to include banks.

The Federal Reserve has published final rules on specialty mortgages: high cost mortgages and reverse annuity mortgages.

With the issuance of the new Currency Transaction Form (CTR - Form 4789) it's time to take another look at what we're doing right-and, more importantly, what we're doing wrong in complying with the