05/08/2022
Will Loan Production Offices help in fair lending if we decide to close branches?
05/01/2022
The CFPB hasn’t been active in fair lending other than mortgages, correct, does this present any challenges?
04/24/2022
How are regulations that are not the fair housing act, fair lending regulations?
04/17/2022
If UDAAP is going to be used to enforce “fair banking” will we see less of ECOA, the FHA and other anti-discrimination regs and laws?
03/27/2022
Are banks allowed to have referral programs for existing customers to refer new loan customers? If so, are the rules of such programs, and if not, what prohibits it?
03/20/2022
How much "teeth" does UDAAP really have to penalize a bank?
02/20/2022
I know blogs are popular for banks to use on their websites for connecting with customers and attracting new customers. While these do not fall into the traditional definitions of advertisements for disclosure purposes, do you see other banks including some type of disclaimer statement when a blog includes info such as steps to buying a home. For example, sharing info about credit score ranges, standard DTI ratios, money needed for down payment, etc.
I was thinking some type of disclaimer with the blog would be appropriate, such as: "Information regarding credit scores, debt ratios and other underwriting related information are examples only and do not represent the bank's exact underwriting criteria. All applications are subject to credit approval". Is there a best practice with blogs for referencing products and services in a generic manner?
01/30/2022
Is a person’s written consent required for us to access their credit bureau file?
01/01/2022
Is a person’s written consent required for us to access their credit bureau file?
12/26/2021
Is redlining real? It seems to be an antiquated type of violation.
