Tag Archives: consumer lending

ABA Seeks Clarified Exam Procedures on MLA Changes

With the Oct. 3 compliance deadline for the Department of Defense’s Military Lending Act rule bearing down, ABA today requested examination procedures from the prudential regulators that would clarify how banks will be examined on particular points within the rule.

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ABA Compliance Center Inbox, September/October 2016

Q: We have a customer who is going on temporary active duty for four to six months for training, so the provisions of the Servicemembers Civil Relief Act apply since it is over 30 days. This customer has an auto loan with us. Our loan agreements require that a borrower maintain adequate insurance on the vehicle. Are there any stipulations that ...

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Fed Survey: Tighter Credit Environment Dings Auto Loan Market

Bankers continued tightening credit for business loans and auto loans in the last three months while they continued to ease credit standards slightly in their home mortgage and consumer loan portfolios, according to the Federal Reserve’s latest senior loan officer survey released today.

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Under Criticism, FDIC Amends Exam Appeals Process

The FDIC board today voted to propose amendments to its supervisory guidelines that would expand banks’ rights to appeal exam decisions and improve consistency with other agencies’ appeals processes and issue examination guidance for third-party lending.

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