The CFPB today released a new online tool to help creditors determine if properties are located in rural or underserved areas. Creditors may rely on this tool to provide a safe harbor determination as allowed by Regulation Z. Users select a year and enter a property address to determine whether the property location is considered to be in a rural or underserved area. The tool also provides a template that can be used for a larger file upload, allowing users to search for multiple properties at a time.
#PracticeSafeChecks campaign wins two Telly Awards
An ABA public education campaign warning consumers about the risks of check fraud has received two awards for video and television excellence.