The big hope the industry had for major changes to Truth in Savings did not happen in the burden relief bill. Only minor changes actually passed.
Congress's efforts at burden relief often fall short of the mark. However, one important feature in this year's banking act provides protection for fair lending self assessment.
Beginning October 7, 1996, HUD's new rules restricting compensation to employees take effect.
When the new CRA regulation was published, the term "performance context" sounded like a fact - scientific and solid. In practice, it has not been clear.
HUD's latest rulemaking on RESPA is beginning to send shock waves through the banking industry as they design compliance procedures for the new rules.