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Regulatory News

No Credit Scores Does Not Equal No Risk Based Pricing!

The KC Regional FDIC office recently shared with us and a Bank in the KC region that during exams, if they see a credit report in a loan file, and do not see evidence to support that a Risk Based Pricing notice was provided, they will look at the loan trial balance and if they see a variety of different rates, there may be a problem. This article provide solutions to minimize potential non compliance risk if you do not receive the scores and are not currently providing any type of risk based pricing notice to consumer loan customers.

07.18.2011 | Author: Terisa Heiman

Could Automated Overdraft Programs be Re-defined as Credit Cards?

The Regulation Z changes effective October 1, 2011 include additional examples of what is a credit card which need to be carefully reviewed if you have an automated overdraft program and customers who opted in to the July 2010 Regulation E provision that prohibit financial institutions from charging consumers fees for paying overdrafts on ATM and one-time debit card transactions unless a consumer consents, or opts in, to be charged a fee for those types of transactions. This article explains the changes, how they could impact you and provides options to help mitigate your risks.

07.18.2011 | Author: Terisa Heiman

Hedge Funds Rules, Whistleblower Program will mean changes in AML Training

Congratulations to Terisa Heiman for her interview in this prestigious industry resource!

05.24.2011 | Author: Jennifer Pierce
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