Most Popular Lending Content
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.
FCRA: New and Improved?
01/01/2004
Congress has taken decisive action on the Fair Credit Reporting Act.
CRA: How Are We Doing?
01/01/2004
PCi's annual CRA and Fair Lending Colloquium was the place for discussing where CRA has taken the banking industry and where the industry should head in the future.
Renewing Principal and Interest
12/15/2003
When you are renewing a consumer loan, I have always thought you were breaking some rule or regulation if you renewed both the principal and interest into the renewal. Because you would be collecting interest on interest. I was just told that is not "against the law", but it is just something you don't make a habit of doing. Please clarify for me.