Vendor Guru Q&A - Compliance

Latest Compliance - Indirect Lending Topics

AA Notice Required if Counteroffer Not Accepted?

06/10/2013

I know that adverse action notices are required on indirect lending contracts we deny, but are Adverse Action notices required when we submit a counteroffer that is not accepted?

Looking For Fair Lending Problems

11/01/2000

At PCi's 2000 CRA and Fair Lending Colloquium, fair lending played a starring role.

Indirect Lending

01/01/2000

The Foxdale case flags the importance of self-assessment. It is clearly not a time to use "see no evil" as a defense ploy.

The Foxhunt

01/01/2000

The most recent fair lending development comes, not from the U.S. Department of Justice ("DOJ") but from a "friendly" regulator, the Board of Governors of the Federal Reserve System ("FRB").

Fair Lending, ECOA et al.

01/01/2000

Fair lending has reared its head more than once in the 1900's and promises to be a front burner topic in the coming decade. In the 1990's, fair lending enforcement has reached an all time high.

Risks In Indirect Lending

07/01/1998

FDIC examiners found that some indirect lenders allowed car dealers to charge more to female purchasers than to male purchasers.

Question & Answer

07/01/1996

Question: My bank's indirect lending department wants to draft a "friendly" adverse action letter. They also want to preprint the ECOA notice on the back side of the stationary.

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Indirect Lending Applications

Question: I have a question regarding indirect lending applications. We require the dealerships to have the customer sign on the application form our institution provides.

Fair Lending: On the Front Burner

Fair lending enforcement is ramping up. Current enforcement efforts are breaking new ground with the consequence that lenders must manage fair lending programs to include these new horizons.

Compliance Committee

09/20/2020

What are some of the primary responsibilities of the compliance committee?

Time Limit on the Construction Phase?

09/20/2020

Is there a time limit on the construction phase of a one-time close construction-perm loan? In the old days, Reg Z limited the construction phase to 12 months but I'm unsure what apples now.

Loan with a right of rescission

09/20/2020

I have a closed-end consumer 1-4 family refinance with new money being loaned. This loan has a right of rescission. Am I to collect interest on the refi loan to the date of the loan or the day it comes out of rescission?

Alert! CFPB & FTC to Increase Collections Protections for Servicemembers

09/20/2020

How are the CFPB and FTC protecting military consumers from first-party debt collection?

A bake sale by any other name…

09/20/2020

Every year we do a bake sale to raise funds for Breast Cancer Awareness/Local Hospital Foundation. Is this acceptable?

Latest Compliance - Indirect Lending Topics

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