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FORGET YOUR PASSWORD? Editor: Lucy H. Griffin Board of Advisors: John S. Byrne, Esq. Robert P. Chamness Cliff E. Cook Phillips G. Gay, Jr. Barbara Hurst Richard Insley Michael D. Maher Robert G. Rowe, III Andy Zavoina |  |
Volume 9, Number 3 This issue went to press on April 14, 2004. Table of Contents The GFE: HUD Starts Over It's official. HUD has withdrawn the "final" rule on GFEs that it sent to OMB for review. Instead of issuing a final regulation, HUD is going back to work. Predatory Lending: The Study and a Verdict ( 6 Action Steps) The findings of a recent study completed by The Urban Studies Institute at the University of Louisville are clear - and convincing. The entire financing industry should be concerned about predatory lending. Action Audit Regulation Z: Checking APRs (7 Action Steps) A basic part of any loan compliance audit includes checking the finance charge and the annual percentage rate calculations and disclosures. Compliance Notes
Compliance Signposts The existing regulatory burden provides us with signposts to the path of regulatory burden prevention. Compliance Q&A FRB Appoints New Director The appointment of a New Director indicates a possible change of emphasis for the Federal Reserve Board. 
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