Latest Lending - Applications Topics

The Latest Moves from DOJ

10/01/1998

If you are hoping that the Department of Justice's interest in fair lending enforcement is fading, you are headed for disappointment.

Fair Lending Update: Status of Examinations

10/01/1998

by Pat Patrick, Banc One National Regulatory Compliance Division

Commercial Lending And Consumer Compliance

10/01/1997

Remember the days when we all called it "consumer compliance"? There was the Consumer Credit Protection Act and all those stories about consumers who needed help.

Compliance Manuals On The Internet

11/01/1996

A statement released on September 26, 1996 by the FDIC's Division of Compliance and Consumer Affairs (FIL-74-96) advises that

ACLU files Fair Lending Lawsuit

10/01/1996

ACLU has filed a private lawsuit under the fair lending laws against a mortgage banker based in Mt. Laurel, New Jersey.

Data Collection on Consumer Loans

04/01/1996

There is no word yet on the proposal to amend Regulation B to permit collection of information on gender and race for consumer loan applications.

Explaining discount points on mortgage loans

06/30/2024

If I am making an informational post about what mortgage points are and I state, "Each point typically costs 1% of your total loan amount and can reduce your interest rate by a fraction (usually 0.25%)," is that technically a method of determining a finance charge and subject to additionaldisclosures per section 1026.16? I should note that this post is an explanation of what discount points are, and not necessarily an advertisement for a specific product, but also I'm not sure there are carveouts from the provision. Any help would be greatly appreciated. Thank you!

Latest Lending - Applications Topics

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