Latest Lending Topics

Question: When an applicant changes their loan request while the application is being processed, must we provide a new good faith estimate or is the one we provided when the application was

Question: I recently went to a seminar on fair lending in which a speaker stated that we should not be taking copies of loan applicants' drivers licenses.

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savings actions of the year, compared to what might have been, the Board of Governors of the Federal Reserve System has withdrawn the proposal to amend Regu

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.

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

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

ACLU has filed a private lawsuit under the fair lending laws against a mortgage banker based in Mt. Laurel, New Jersey.

Congress's efforts at burden relief often fall short of the mark. However, one important feature in this year's banking act provides protection for fair lending self assessment.

Some of the oldest regulatory requirements top the list of violations cited during compliance examinations.