Most Popular Compliance Content
Consumer Insurance Protection Requirements
10/15/2001
Everything You Ever Wanted to Know about the Consumer Protection Insurance Rule
OFAC Alert!
10/01/2001
As we went to press, OFAC had updated its list again for the fifth time in two weeks, in one case twice in one day!
Diehard Heros
10/01/2001
The real heros aren't the folks that perform daring deeds or play basketball. The real heros are firemen, policemen, and bankers. They're the ones who save people and stop criminals.
Branch Signage Display Requirements
10/01/2001
Under what Act or Regulation is it specified that each branch a "Notice of Availability of Financial and Other Information" must be displayed?
Finance Charge Violations
10/01/2001
In a R/E transaction (construction loan) if the APR is understated and the finance charge is overstated (due to improperly calculating the estimated interest on the entire balance method) is the violation reimbursable? In reviewing 226.18 and 226.22 it appears that if the finance charge disclosed is greater than the amount required to be disclosed then it is considered accurate and no reimbursement is required. Is this correct?