Latest Lending - HUD Reg. X Topics

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.

The most frequently violated compliance requirements involve the Real Estate Settlement Procedures Act (Regulation X), a FDIC list revealed.

Before selling securities to a consumer, the broker/dealer should determine the suitability of the product for the consumer.

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.