Most Popular Lending Content
UCC, Refinancing, & Terminations
12/02/2002
It has been a few years since I personally looked at the UCC forms since their revision. I see that no signatures are required on the form. Since most lenders are lax in filing termination, in the case of a refi, can the new lender simply file the terminations?
Compliance and Cheating
12/01/2002
Our society has long accepted the fact that some people cheat. In fact, we assume that certain professions cheat.
APR Errors and Restitution
12/01/2002
We all know what happens when the APR or finance charge is under-disclosed: restitution. What happens when the APR or finance charge is over-disclosed? Basically, nothing.
The Overdraft Product Craze
12/01/2002
Management may be excited about the fee income opportunities with an overdraft product. In fact, fee income is the carrot that the vendors are using to sell the product.
More on Payday Lending
12/01/2002
Payday lenders have a market in customers who have bank accounts but do not qualify under the bank's lending criteria for an overdraft line of credit.