As more and more banks develop a home page on the internet, they are finding that there are some interesting compliance aspects of banking in cyberspace.
At a recent meeting of the Washington, D.C.
ACLU has filed a private lawsuit under the fair lending laws against a mortgage banker based in Mt. Laurel, New Jersey.
Congress's efforts at burden relief often fall short of the mark. However, one important feature in this year's banking act provides protection for fair lending self assessment.