The Federal Reserve Board final revisions to the Official Staff Commentary to Regulation B provide guidance on the treatment of age in tiered credit scoring systems, obtaining monitoring data for a
Existing law provides for an 18-month examination cycle for certain small banks rather than the 12 month cycle applicable to larger banks.
It's always a good idea to maintain a regular compliance training schedule. Each regulation should be revisited periodically.
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.