Compliance Action Newsletter Header
Volume 10, Number 4
This issue went to press on April 12, 2005.

Table of Contents

Using HMDA Data: What to Expect (5 Action Steps)
A recent discussion by members of the Federal Reserve Board's Consumer Advisory Council ("CAC") included how HMDA data would be used and what the consumer interests would be.

Appraisals Revisited (4 Action Steps)
Responses to FAQs issued by the regulatory agencies reinforce agency policies and provide guidance for appraisal practices.

Action Training:
Risk Assessment of Appraisals (Risk Management Chart)
When new developments don't keep our attention focused on the issue, we tend to become relaxed over compliance. This relaxing of compliance with appraisals has been noticed by the regulators with great concern.

Compliance Notes Compliance Calendar

In the Editor's Opinion: Profit v. Predatory Practices
In the struggle to limit predatory lending, the question of safety and soundness looms just as large as consumer protection and fairness.

Compliance Q&A RESPA: The Chicago Title Case
There's a new major enforcement case involving RESPA and for once the enforcee is not a financial institution.