Latest Lending - Predatory Lending Topics

Now that the Democrats have taken control of the Senate, the compliance agenda is revitalized. Already topics such as predatory lending and money laundering are on the legislative plate.

The Consumer Advisory Council ("CAC") met on June 28, 2001 to discuss current consumer concerns and give advice to the Federal Reserve Board.

It is very difficult to sit quietly at a Consumer Advisory Council meeting. It is tempting to share one's own ideas.

One of the top concerns put to the regulator panel at ABA's National Regulatory Compliance Conference was predatory lending.

by Mary Beth Guard

The violations that have been documented should give clues to likely problem areas for new regulatory issues, such as privacy and predatory lending.

April
CRA in the Sunshine takes effect on April 1, 2001. Only April Fools will miss this! Check the technical rules for disclosure and be sure you are ready.

Donna Tanoue, Chairman of the FDIC, addressed ABA's National Compliance Schools and gave the attendees high praise in their role as compliance managers.

APRIL

FTC's Northeast Regional Office hosted a forum on predatory lending. The forum included panelists from FTC and officials of New York State.