Most Popular Compliance Content
"Member FDIC" Posting Requirements on the Web
05/07/2001
If a bank posts their jobs on their website, does each position have to include "MEMBER FDIC"? I can't find an exception to this in FDIC's section 328. I've noticed other bank's ads in the paper don't include this.
Validating a Credit Scoring System
05/07/2001
We have started using credit scoring for small business and some consumer loans. Reg B requires that we "validate" the scoring system (which is the credit reporting agency's FICO system). My question is "how do we validate this system".
Reg U & StockSecured Loans
05/07/2001
Involving loan secured by stock: ... Is it sufficient for us to have the customer sign the Reg U form?
Refusing a Loan to Foreign Persons
05/07/2001
Can banks refuse to make loans to foreign persons (resident aliens, nonresident aliens, etc.)?
Can we provide RESPA disclosures electronically?
05/07/2001
The Federal Reserve issued interim rules giving guidance for e-disclosures under Regs B, M, Z, etc. What about HUD? Can we, or can we not, provide RESPA disclosures electronically?