Most Popular Lending Content
Is annual training required for Mortgage Loan Originators?
04/07/2024
I’m so confused! I’ve heard conflicting advice: that Mortgage Loan Originators do and do NOT have annual training requirements. I thought Reg Z required it, but I have MLOs pushing back. Help!
Does the $8 Credit Card Late fee cap apply to my bank?
04/07/2024
We have a small credit card program and portfolio. Do we need to lower our credit card late fee to $8?
Optimizing complaint log use
04/07/2024
What is the most common way that banks record or log complaints and inquiries to have available when the examiners come in looking to see what we have?
Retention of Loan Rate Sheets
03/31/2024
Is there a specific recordkeeping requirement for a lender/credit union to keep mortgage and home equity rate sheets? If there is not a reg, is there a best practice?
Bonuses to Borrowers
03/31/2024
The Equity Originations line of business wants to start offering a cash bonus incentive for customers opening a new loan/credit line. The bank has offered cash bonuses on the deposit side for years, however never on the lending side. Under RESPA, I am aware that a cash bonus/incentive cannot be tied to a referral, but other than that I am struggling to find any regulatory constraints, guidance, or precedent. Any guidance would be appreciated.