ComplianceAction Newsletter

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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

Vol. 13, No. 13
November 13, 2008

Executive Editor: Lucy H. Griffin, Esq.

Board of Advisors:
John S. Byrne, Esq. David Battle Robert P. Chamness Phillips G. Gay, Jr.	Barbara Hurst Richard Insley Michael D. Maher Robert G. Rowe, III, Esq. Andy Zavoina

Table of Contents (read Recent Issues)

Fair Lending: Old and New Aspects (6 Action Steps)
Fair lending plays a critical role in the current mortgage meltdown crisis and attempts to provide solutions.

HMDA: New Rules on Price Spreads (4 Action Steps)
Final changes to HMDA, Regulation C on price spread calculations has been published.

Action Training: Coverage of Customer & Information Protection Programs (Chart)
Several programs dealing with the use and security of customer information can be combined into a single program if done properly.

Compliance Notes

Compliance Calendar

In the Editor's Opinion: CRA: Old and New
There are pros and cons to the old system of evaluating CRA and the current CRA regime.

Compliance Q&A

Credit Card & Overdraft Issues
The credit industry raised concerns and consumers requested more protection under the Feds proposal to amend Reg Z rules for open-end credit.