Most Popular Lending Content
Are Internet Applications Like Mail Applications
12/06/2004
I've seen several opinions on this, and I'm hoping you can clarify it for me. It is my understanding based on reading Official Staff Commentary to REG B and REG C , that loan apps taken over the Internet are treated as mail applications. That is also the answer I got in response when posing the question on BOL. However, I've now been told that the usual exceptions for delayed disclosure do not apply to Internet applications. I'm confused, any wisdom you can provide would be appreciated.
Looking Out and Looking In
12/01/2004
Since their invention or evolution, banks have been designed for protection and security. Those who manage financial institutions are protectors.
Fair and Accurate Credit Transactions Act (2 page chart)
12/01/2004
The FACT Act has been the compliance challenge of 2004 – along with a few other things such as Bank Secrecy, fair lending, and information security.
Credit History Notices
12/01/2004
Question: This new notice about credit histories, where and when do we have to give the notice?
What Makes CRA So Difficult?
12/01/2004
At its core, CRA is a simple concept. It simply says that financial institutions should make loans and investments and provide services in their service area.