Most Popular Lending Content
Lien Status Reporting Under HMDA
01/05/2004
The HMDA Final Rules state that beginning in 2004 we will be required to report the lien status of applications and loans. In reviewing Appendix A to Part 203 -- Form and Instructions for Completion of HMDA Loan/Application Register [Effective as of January 1, 2004] I do not find a column on the new LAR for reporting the lien status, nor any instructions for reporting the lien status. Will this reporting information be added to the Loan/Application Register in the new FFIEC software?
Preemption: OCC vs. States
01/01/2004
Consumer advocates use all tools available to them to achieve protections for consumers. Often those tools include state legislatures.
Coming Issues
01/01/2004
The Consumer Advisory Council advises the Federal Reserve Board on issues of concern to consumers. As the CAC completed its last meeting of 2003, it identified issues for consideration in 2004.
FAQs on CIP
01/01/2004
FinCEN and the bank regulatory agencies have issued answers to frequently asked questions about the CIP rule. The answers don't contain any surprises and demonstrate a great deal of common sense.
CAC Appointments Announced
01/01/2004
The Federal Reserve Board has announced the appointment of new members to the Consumer Advisory Council. A promising crew of four bankers have been appointed.