Most Popular Compliance Content
Credit Card Reapplication Denied - Adverse Action?
03/03/2008
If we close a credit card due to delinquent status and then ask the borrower to reapply to reopen their account and they do not qualify upon the new application, do we send an adverse action notice? Would we mark the spot "we regret that it is necessary to terminate your line of credit"?
Reg AA - Address for Consumer Complaints
03/03/2008
I received notice that the address for consumer complaints had changed for state member banks under Reg AA. However, I could not find if the regulation required you to post this address or give notice to the consumer at anytime of this address. Does it?
Second Mortgage HMDA Reportable?
03/03/2008
I would like to know if the following scenario is HMDA reportable. We have a member that currently has an unsecured home improvement loan with us and now he wants a second mortgage to pay that loan off. Would the new second mortgage that will be paying off an unsecured home improvement loan be HMDA reportable?
Servicing Sold, Note Retained - Report Loans?
03/03/2008
Do we report loans where the servicing was sold, but we still retain the note?
Earning Credit
03/03/2008
How can our bank earn CRA credit by investing in a mutual fund?