12/04/2006
What is the difference between legal requirements for a thirty versus a sixty-second ad for deposits? What disclosures do we have to include?
09/25/2006
We want to give customers a certificate for their first tank of gas when they finance a new auto with us. We'll pay up to $70 when they go to a gas station we have already made arrangements with. What reporting is necessary and how does this affect the APR we disclose?
09/11/2006
Where does it say that if we quote a loan rate to a customer over the phone that we have to use the APR? We often have fees added to loans and quoting the rate is easier.
09/11/2006
We want to offer a fee to our customers who refer other customers to us. We'll pay them for each one that opens an account. Is this a violation of any bonus rules or payment of interest on demand deposit restrictions and are there Reg. DD bonus disclosures needed?
09/04/2006
Marketing is considering mailing new VISA debit cards to existing HELOC customers. I know this product is governed under Reg Z. What disclosures must accompany the mailing?
07/31/2006
How long are banks required to keep rate information? or rate sheets?
07/24/2006
We have a mortgage lending office about two hours from deposit taking branches. The mortgage area wants to hand out flyers advertising the banking services we offer. Is the FDIC logo required on them? We're afraid it will look as though the loans are FDIC insured.
07/17/2006
In general how will the recent changes to Reg DD affect our marketing of new accounts?
07/17/2006
We considering offering a bonus gift card worth $100 to "switch banking relationship." Even though it may not be tied to a trigger APY for example, we need to disclose simply what it is and what they have to do to get it, right?
07/10/2006
I am confused by the Truth in Lending rules and FTC Guidance (How to Advertise Consumer Credit) on how to advertise the following product: 10/1 LIBOR ARM. Repayments are "interest only" for 10 years with a fixed rate, then for the remaining 20 years (30-year loan), the rate becomes variable and the loan is amortized for principal and interest payments. At a minimum, our line of business wants to advertise the amount of the monthly payment. Is this a Graduated Payment feature loan, or a Discounted Variable Rate Plan or something else? Any real-life examples are appreciated.