Answer:
Answer by Andy Zavoina: Certainly. Your only prohibition would be to offer a lower loan rate based on a prohibited basis such as age. A commonly cited violation of Reg. B, a loan regulation, is that a loan discount is offered on a senior account where participants are 50 and over. That violates Reg. B.
Answer:
Answer by John Burnett And don't offer the higher deposit rate to any "insider" of your institution based on that criterion. Paying a higher rate to officers, attorneys, employees or directors of your bank will violate the Federal Reserve Act, if you are a national bank or a member of the Fed.
First published on BankersOnline.com 1/31/05
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