Just when you thought it was safe to go in the water, the Department of Justice ("DOJ") brings another fair lending action.
Note to the Reader: This article identifies the key features of the changes to Regulation Z. In our next issue, we will provide au in-depth analysis and compliance advice on these rules.
Question: My operations department keeps asking me when the BSA rule requiring aggregation takes effect. I thought that this proposal never became final. Am I right?
Finance charge errors are the most common violation identified by examiners in the compliance examination. Odd days interest can be a cause of finance charge problems.
Question: Under the interim exemption procedure, is a company that was unexemptable because of the nature of its business, automatically exempt if it is listed on the stock exchange?