09/08/2014
Do mortgage loans follow the same rules/regulations as checking accounts in regards to offering a cash or gift card when an account is opened. For example, could we say Book a mortgage with us before 12/31/14 and receive a $100 Home Depot gift card? Does this violate anything, and if not, what kind of disclosures would have to be paired with such a statement?
06/16/2014
Regulation DD (12 CFR 1030.8)
Institutions who advertise "free" checking accounts only for a limited period of time may be advertised as free if the time period is also stated.
My institution is currently advertising a checking account as "free" for ages 16 to 23, specifying those under 18 years of age require joint ownership with parent or guardian. Offer valid through 12/31/14.
Does the fact that a time period is not stated constitute a Regulation DD violation?
05/26/2014
On our banking website do we need both the equal housing lender logo AND disclosure? I read that we do but can find one banking website that actually does.
05/26/2014
If we create an open house listing sheet and cobrand it with a realtor, would this be a RESPA violation if we, the lender, paid all costs for production of the flyer? A listing sheet includes the property address and some financing scenarios for the specific property.
03/31/2014
The Advertising Checklist provided by South Financial Group includes does the ad contain a statement that offer of credit is subject to credit approval. I've tried finding this requirement in Reg Z and other governing bodies but cannot find anything explicitly stated - can you point me in the right direction?
02/17/2014
We are advertising a new debit card, which features a small loan available as one of the benefits. The loans are based on a pre-approved overdraft limit via a matrix of deposit amounts, avg balance, OD etc...no credit report or income verification is required. But some people will not qualify. Do we need to state: subject to credit approval in the ad? Is this statement a reg requirement or merely a best practice?
02/10/2014
Is No Down Payment in advertising a consumer mortgage on my bank's website a TILA triggering term?
12/16/2013
A mortgage bank is advertising a monthly payment, however there is no APR disclosed. Is this a violation?
05/20/2013
Our advertising department wants to promote a checking account as better than free checking. The checking account would have a monthly service charge, with a list of benefits such as merchant discounts roadside assistance, travel discounts, free Internet banking and bill pay, etc. What Reg DD Section 1030.8 or UDAAP pitfalls might we encounter?
11/19/2012
If the Bank has a customer testimonial poster inside a branch that is not product specific but states the bank's name and a statement using the customer's words how the bank helped the customer's needs does that need to state Member FDIC?