Latest Lending - IRS Levy Topics

Managing a compliance program for fair lending has always been difficult because so much of fair lending turns on the fact situation and how it is viewed.

As more and more banks develop a home page on the internet, they are finding that there are some interesting compliance aspects of banking in cyberspace.

[Date]
William W. Wiles           RE: Docket No. R-0942
Secretary
Board of Governors of the Federal Reserve System
20th Street and Constitution Avenue, N.W.

Like Truth in Lending, the rules on HMDA never seem to stay put for more than a year. Keeping up the tradition of annual changes, the Federal Reserve Board has proposed changes to Regulation C.

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