Latest Lending - Discrimination Topics

Fair lending has reared its head more than once in the 1900's and promises to be a front burner topic in the coming decade. In the 1990's, fair lending enforcement has reached an all time high.

In planning your compliance program strategies for the future - or at least the next several years - there are issues that we can see coming.

The Foxdale case flags the importance of self-assessment. It is clearly not a time to use "see no evil" as a defense ploy.

You have two months to get your HMDA report entered, checked, corrected, and sent in. And that's on top of all the Y2K activities.

Question: Are we facing any discrimination or technical Regulation B problems if we lend through car dealers? What are our risks if the car dealers are discriminating?

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

It's here. The Federal Reserve Board has signed off on proposed Know Your Customer ("KYC") rules.

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.

In what may be the most significant cost savings actions of the year, compared to what might have been, the Board of Governors of the Federal Reserve System has withdrawn the proposal to amend Regu

The Federal Reserve Board has published for comment regulations to implement the 1996 amendments to the Equal Credit Opportunity Act.