Question: We have been placing exception holds on deposits made by a business customer because the account had been frequently overdrawn.
The rising default rates on consumer loans, while not yet at a level to trigger a serious response, has generated discussion of the impact of creative underwriting practices on credit quality.
Question: We are organizing a compliance committee and are having a debate about whether to include a representative from operations. What do you recommend?
The bank regulatory agencies, working together through the Federal Financial Institutions Examination Council ("FFIEC") have proposed revisions to the Uniform Financial Institutions Rating System,
Question: We purchase automobile loans from several dealers. Several of the dealers sell automobiles covering a wide price range and some of the loans are for $30,000 or more.