How can we modernize our collateral tracking workflow?
Will a financial institution that is newly exempt from HMDA closed-end reporting stop gathering demographic data?
How is the bank protected in the event of a death of a single service member?
Is a large bank required to send adverse action notices when a payment due date change or extension is denied for consumer loan products?
Our consumer lending is centralized in a lending unit and not done by our branch staff. The branch will not have access to the credit report to know if the borrower is covered under MLA. Does this mean that we will have to provide verbal disclosure to all applicants in case they are covered borrowers? If so, is there model language available that we can provide to our branches?”