04/28/2024
How much "teeth" does UDAAP really have to penalize a bank?
04/21/2024
Is a person’s written consent required for us to access their credit bureau file?
04/21/2024
I keep hearing about junk fees everywhere. I work on the loan side, though, and it seems like everything is on the deposit side. Is there anything I need to be aware of for loan fees?
04/17/2024
May we charge a monthly “Returned Mail” fee on our customers who have bad addresses that return mail as undeliverable?
04/14/2024
Does the NMLS ID# number need to be included on HELOC agreements and Deeds of Trust / Mortgages?
04/14/2024
If all of a lender's marketing is targeted outside the US, aside from marketing within its "claimed" assessment area, could the lender be subject to REMA redlining review?
I've read guidance that implies marketing doesn't have to be a factor for a REMA redlining exam to be conducted...
• "REMA...defines who and where you serve, and as such, is different from a defined Market Area..."
• "Where the lender actually marketed and provided credit, and where it could reasonably be expected to have marketed and provided credit based on its distribution of loans and applications "
• Redlining analysis will look at lending and level of services in majority-minority census tracts compared to peers, among other items.
04/07/2024
I’m so confused! I’ve heard conflicting advice: that Mortgage Loan Originators do and do NOT have annual training requirements. I thought Reg Z required it, but I have MLOs pushing back. Help!
04/07/2024
We have a small credit card program and portfolio. Do we need to lower our credit card late fee to $8?
04/07/2024
What is the most common way that banks record or log complaints and inquiries to have available when the examiners come in looking to see what we have?
03/31/2024
Is redlining real? It seems to be an antiquated type of violation.