Most Popular Compliance Content
Timing of Insurance Disclosures
12/06/2004
Should the Federal Sale of Insurance Disclosure be given to customer at the time of application, or once the loan has been approved? What if the loan is declined?
Billboard ad info needed
12/06/2004
Concerning Reg. DD...I have an ad that features a X.XX% APY to be collected on a checking account balance. However, if the checking account balance exceeds $10,000 that APY drops to Y.YY%. Is it necessary to include this change in APY based on account balance in outdoor advertising such as billboards and banners? The advertiser argues that it is not necessary because it is not a 'minimum', however the compliance officer argues that it is required to list the requirements because Reg. DD part (c)(3) is not an exemption for billboards and banners. How should we proceed?
CAC on Predatory Lending
12/01/2004
When it comes to predatory lending concerns, the Consumer Advisory Council has plenty to say. The pressure is still on the FRB to take actions to protect consumers from predators.
COMPLIANCE CALENDAR
12/01/2004
DECEMBER
What Makes CRA So Difficult?
12/01/2004
At its core, CRA is a simple concept. It simply says that financial institutions should make loans and investments and provide services in their service area.