Most Popular Compliance Content
FRB Updates High Cost Loan Number
09/01/2004
Each year, the Federal Reserve updates the number to be used in calculations for high cost loans (Section 226.32 of Regulation Z.) The new number for 2005 calculations has been announced.
Fair Lending: What Examiners are Finding (5 Action Steps)
09/01/2004
Note: special thanks to Mollie Newsome Sudhoff for research and assistance with this article.
FRB to Study Credit Investigations
09/01/2004
The FACT act requires the Federal Reserve Board to study the adequacy of investigations of disputed consumer information reported to credit bureaus.
Servicing Statement Language
09/01/2004
Question: I've read the HUD statement in the Federal Register that the transfer of servicing statement that we provide to applicants can be a short statement reflecting the languag
FinCEN Stand on SAR Disclosures
09/01/2004
FinCEN has published a statement that will be posted on its website. The statement advises readers that the information contained in SARs is safeguarded.