Latest Security - Lending Topics

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.

Why, when there have been concerted efforts by both Congress and the bank regulatory agencies (to say nothing of the industry) to reduce regulatory burden, does it seem to be growing instead?

Information privacy - information about the consumer - is one of the hottest growing areas in regulatory compliance.

The Year 2000 is bringing some potentially serious problems for anything based on, using, or run by a computer.

Truth in Lending and Regulation Z apply to all consumer credit, that is, credit requested by a consumer and for the use of the consumer. Business loans are exempt from Regulation Z.

It is not unusual for large financial institutions such as Citibank, Chase, Bank of America, etc. to get 100 subpoenas a week.

Truth in Lending, Electronic Fund Disclosure, Funds Availability Disclosure, Mortgage Disclosure, Security Requirements, Bank Secrecy and Money Laundering Reporting Requirements, Equal Housing Lend

QUOTES OVERHEARD at the Bank Administration Institute's Security and Compliance Conference in Orlando