Truth in Lending now has three definitions of business day, used for three different purposes in the regulation.
If your bank calculates interest using 365 days, this is a good time to check whether your system converted to 366 for leap year (1996).
Question: We are having some difficulty determining when to give Truth in Lending disclosures to certain customers.
The recent action by the Department of Justice has directed attention to risk-based pricing.
Question: We have been placing exception holds on deposits made by a business customer because the account had been frequently overdrawn.