The most frequently violated compliance requirements involve the Real Estate Settlement Procedures Act (Regulation X), a FDIC list revealed.
Before selling securities to a consumer, the broker/dealer should determine the suitability of the product for the consumer.
OCC and the American Bankers Association have scheduled a joint Community Development Lending conference for November 4-6, 1997 in New Orleans.
One of the most common violations that examiners find in RESPA is the failure to send out the Good Faith Estimate within three days of application.
Why, when there have been concerted efforts by both Congress and the bank regulatory agencies (to say nothing of the industry) to reduce regulatory burden, does it seem to be growing instead?