Question: An outside auditor recently criticized our ARM disclosures because they do not include the demand feature disclosure.
Hand in hand with the effort to make funds quickly available to customers through the Expedited Funds Act and Regulation CC comes the concern of losses through check fraud and kiting schemes.
After more than a quarter century of disclosing the costs of credit, there is movement toward re-evaluating the methods used to disclose costs in the Truth in Lending and Real Estate Settlement Pro
The Federal Reserve Board has announced the new members of the Consumer Advisory Council. The Council advises the FRB on issues of interest and concern to consumers.
Credit scoring systems are becoming increasingly popular among lenders, particularly as lenders are pressured to make fair and consistent decisions.