Most Popular Compliance Content
Evaluating Credit Scoring
03/01/1998
How do you know whether the credit scoring system you are using is fair? Monitor the results. Look for any adverse impact by prohibited basis. Gender and age may be fairly easy to identify.
Where, Oh Where is the KYC Rule?
03/01/1998
They are still working on it. Although Rick Small, FRB, assured us that it would be out before the end of 1997, he is now promising it before the end of 1998.
Having Trouble Getting Y2K Believers?
03/01/1998
If you are having trouble getting the attention of critical bank staff for the Year 2000 effort, or if the bank is having trouble getting the attention of its commercial customers, you can find som
Question & Answer
03/01/1998
Question: We have just done a compliance audit and found inconsistencies on flood insurance, particularly for mobile homes.
$424 becomes $435
03/01/1998
If your institution offers "high cost" mortgage loans, the Federal Reserve Board has adjusted the measurement from $424 to $435.