One of the most common violations that examiners find in RESPA is the failure to send out the Good Faith Estimate within three days of application.
Why, when there have been concerted efforts by both Congress and the bank regulatory agencies (to say nothing of the industry) to reduce regulatory burden, does it seem to be growing instead?
Information privacy - information about the consumer - is one of the hottest growing areas in regulatory compliance.
The Year 2000 is bringing some potentially serious problems for anything based on, using, or run by a computer.
Legislation has been introduced that would make issuing loan checks to solicit the opening of a credit account illegal.