Home Current Issue Archive Subscribe Now Online Access Community About Compliance Action BIN Products & Services Bankers' Hotline Compliance Action Bankers Video Library Security Officers Workshop Compliance Accountability Manager Executive Guide BankersOnline.com Current Issue Recent Issues Information Subscribe Now Online Access Contact Us FORGET YOUR PASSWORD? Enter your E-mail Address Editor: Lucy H. Griffin Board of Advisors: John S. Byrne, Esq. David Battle Robert P. Chamness David Dickinson Phillips G. Gay, Jr. Barbara Hurst Michael D. Maher Robert G. Rowe, III Andy Zavoina Volume 8, Number 8 This issue went to press on August 18, 2003. Table of Contents Mayday Payday FDIC has issued examination procedures for payday lending. These procedures will be applied whenever a bank regulated by the FDIC engages in payday lending, whether directly or through a third party. Here's what you need to know. Consumer Advisory Council: A Distant Early Warning System (4 Action Steps) When the Federal Reserve Board's Consumer Advisory Council ("CAC") meets, the discussion often serves as an early warning system for financial institutions. This is an arena in which consumer concerns, perceptions, and agendas are aired. The most recent CAC meeting included discussions of the FCRA, privacy notices, and predatory lending. Action Training: ECOA & Income: When and How To Verify (Table of Suggestions) We toss around the terms VOE and VOI, but when was the last time we sat down and thought about what it really means to obtain verifications? The challenge of ECOA and Regulation B is how to give fair and non-discriminatory consideration to protected income without making an unsafe and unsound loan. Here are some suggestions. Compliance Notes CRA in Rural Areas FinCEN Taps Bank for Penalty Government Lists The Business of Managing Risk Windows Open on SAR Software In the Editor's Opinion: Who Is The Real Predator? We are seeing a great deal of discussion about the evils of many kind of lending, and the evils of many financial industry practices. Basically, anything that is known to or believed could harm consumers comes under criticism. So what do we do about it? Compliance Q&A Large deposits & Reg CC Consumer vs. Business Purpose Loans Joint Applications, Denials, ECOA, and FCRA Current Federal Forms Predatory Lending: Comptroller Speaks Out On Predatory Lending Solutions The OCC has been out in front in the enforcement game against predatory lending. In addition, the OCC has taken the lead in making pronouncements about ways to prevent predatory lending. Bankers' Hotline Newsletter  |  ComplianceAction Newsletter  |  Bankers Video Library  |  Security Officers Workshop  |  Compliance Accountability Manager