Latest Lending - Discrimination Topics

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

At a recent meeting of the Washington, D.C.

The Department of Justice has agreed in principle that self-assessment for discriminatory practices should be subject to privilege.

The U.S. Department of Justice has filed a discrimination suit against First National Bank of Gordon, Nebraska.

Question: One of the reasons on our adverse action notice form is "Limited credit experience with this bank." Is this a valid reason to deny credit?

October 1,1995 was to have been a big day in the world of criminal referrals and currency transaction reporting. Simplified forms and reporting procedures were to have taken effect that day.

It is not unusual for large financial institutions such as Citibank, Chase, Bank of America, etc. to get 100 subpoenas a week.