Compliance Action, Volume 16, Number 12

Fair Lending and CRA: The DOJ Approach (4 Action Steps)

By Lucy Griffin

The U.S. Department of Justice has come up with a theory that uses the Community Reinvestment Act to turn a law with a positive purpose into a fair lending enforcement tool.

Flood Insurance: Final and Proposed Q&As (5 Action Steps)

By Lucy Griffin

The regulatory agencies have pblished additional Q&As on flood hazard insurance related to both new final Q&As and several proposed Q&As.

Action Training
Which Notices to Send? (Chart)

By Lucy Griffin

Sorting out the question of who gets what notices and under what circumstances is no easy task these days.

Compliance Notes

• BCFP Requests Budget for Information Collection
• Examiner Tip
• Bad Debt Collectors
• SCRA and Compliance
• FTC Goes After Payday Lenders
• CRA Ideas

Compliance Calendar

In the Editor's Opinion
Don't Ask Unless You Want the Answer

By Lucy Griffin

SUMMARY

Compliance Q & A

• Multiple Loans for Single Property
• GFE Exemption for HELOC
• Using Beacon Scores
• Closing an Account in Dispute Status

FTC Goes After Credit Repair Scams

During a struggling economy, consumers are sitting ducks for collections and foreclosures scams, and those predatory "helpers" become clear targets for the FTC.