Latest Lending Topics

Question: Our examiner told us that when we are making a mortgage loan that is in a second lien position, our Good Faith Estimate and the HUD-1A should include the cost of items such as haza

If you haven't gotten the message yet, the invasion of customer privacy by banks is out.

The Federal Reserve Board has published its annual proposed update to the Truth in Lending Official Staff Commentary.

Several years ago, the CRA regulation was revised to move away from a CRA program evaluation based on meetings and ideas toward a CRA program evaluation based on proven actions.

Examiners are spending more time on CRA and Fair Lending than they have in previous years.

You can learn about women-owned businesses at the expense of the Fed. That agency has produced a videotape that is designed to "heighten awareness" about lending to women-owned businesses.

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.

by Pat Patrick, Banc One National Regulatory Compliance Division

Question: We have a lot of compliance policies. Some board members have questioned whether we really need all these policies.