Most Popular Lending Content
APR Tolerance/Redisclosure
02/07/2005
What is the percentage of tolerance for the APR on the initial TIL and the final TIL, assuming the final APR is greater?
Lending against Holding Company Stock
02/07/2005
A bank holding company owns 100% of the bank's stock. Under the Texas Finance Code 34.102, a bank is prohibited from acquiring a lien on its own shares except on an antecedent debt to limit the loss or with approval of the banking commissioner. A bank is allowed to lend against shares of an affiliate per this section. May the bank lend to a shareholder of the holding company stock with the stock as collateral?
Can We Give Customer Copy of Credit Report?
02/07/2005
A customer requested a copy of his credit report and we told him he had to call the credit bureau to request a copy. He said another area bank gave him a copy. Are we allowed to give consumers a copy of their credit reports now? Did something change that I didn't catch?
FACT Act: FTC Issues Final Rule on Prescreening Notices
02/01/2005
A provision in the FACT Act requires notices to recipients of offers of credit that were prescreened using the consumer's credit report.
Working Through Community Groups
02/01/2005
American Express has an ambitious foundation program that is currently helping fund 37 community organizations in 24 states that support a goal of promoting economic independence.