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#11178 - 10/27/00 11:24 AM Happy Silver Anniversary!
Richard Insley Offline
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Richard Insley
Joined: Oct 2000
Posts: 10,049
Toano, VA
October 28, 2000 marks the 25th anniversary of Reg B!
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#11179 - 10/28/00 04:14 AM Re: Happy Silver Anniversary!
John Burnett Offline
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John Burnett
Joined: Oct 2000
Posts: 39,593
Cape Cod
And for this, we should celebrate?

If we believe, as I do, that women and minorities have better access to credit than they did 25 years ago and that the ECOA/Reg. B are at least in part responsible, we should celebrate!

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John Burnett
Cape Cod Bank and Trust

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#11180 - 10/27/00 05:10 PM Re: Happy Silver Anniversary!
Andy_Z Offline
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Andy_Z
Joined: Oct 2000
Posts: 27,468
On the Net
John just isn't looking for a reason to celebrate. I will...but it is also my b-day. I'll be sure to include the revisions to B and many other regs as I blow out the candles.

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Andy Zavoina
Opinions stated are not necessarily that of my employer.

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My opinions are not necessarily my employers.
R+R-R=R+R
Rules and Regs minus Relationships equals Resentment and Rebellion. John Maxwell

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#11181 - 10/27/00 06:09 PM Re: Happy Silver Anniversary!
Mary Beth Guard Offline
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Mary Beth Guard
Joined: Oct 2000
Posts: 797
Oklahoma City, OK
I think it's made a world of difference. And as a woman who would not have been happy with questions about childbearing, etc., from prospective creditors, I am very happy the law and reg exist.

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#11182 - 10/28/00 11:58 AM Re: Happy Silver Anniversary!
Richard Insley Offline
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Richard Insley
Joined: Oct 2000
Posts: 10,049
Toano, VA
When my wife & I applied for a mortgage in 1973, our lender told us he was doing us a favor by counting my wife's income at full value--common practice was to discount by 50%. At least we didn't have to sign a "baby letter."
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#11183 - 10/31/00 08:22 PM Re: Happy Silver Anniversary!
Tom Easterday Offline
100 Club
Joined: Oct 2000
Posts: 140
Orange County, CA
Funny you should bring up this occasion as Reg. B is the very reason for my "choosing" compliance as a way of life. I joined my current employer in October 1975 and started working in a totally non-compliance capacity. In early 1976, my boss dropped Reg. B on my desk saying, "Here...you take care of this. I hate this government c**p. And the rest is history.
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#11184 - 11/01/00 06:23 PM Re: Happy Silver Anniversary!
John Burnett Offline
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John Burnett
Joined: Oct 2000
Posts: 39,593
Cape Cod
As much as I decry government's ubiquitous intrusion into our lives, ECOA and Regulation B are clearly among Washington's better creations!

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John Burnett
Cape Cod Bank and Trust

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John S. Burnett
BankersOnline.com
Fighting for Compliance since 1976
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