I provide a service for realtors that involves a pipeline to lenders. The realtors keep insisting that "all those credit checks are bad for the borrower." Please help me put this to rest.
Our primary regulator is the FDIC. Do we need to place the Member FDIC and Equal Housing Lender logo's on bank forms that go out to deposit and/or lending customers (form letters, adverse action notices, etc)?
Where can I find the laws governing HELOCs in Texas. More specifically, what is the maximum amount we can loan? (50%?)
In theory, a law is what it says it is, and so is a regulation.
Have you ever gone back and looked at a law or regulation when it was just adopted and then compared it to today's version? Take CRA for example.
Is a flood certification required for all mortgage loans in any area?
Since its introduction several years ago, the regulatory agencies have expressed serious concerns about bounce protection programs which, unlike traditional overdraft programs, can lead consumers i
When the borrower signs the 1003 for government monitoring purposes and checks the box for "I do not wish to furnish this information," but also checks the boxes for ethnicity and race, how does this get reported?
The only procedures we have in place for background information on new hires is to pull a credit report and verify references.Can you please share with me some other sources/avenues that you would use in doing background checks on employees?
Are the checks that a consumer might draw against a credit card or HELOC account eligible for truncation and reconversion under Check 21?