
ABA Regulatory Compliance Inbox: If my bank reduces the amount of a customer’s HELOC, are we required to provide an adverse action notice?
And: Must banks include a printed version of their “HMDA Disclosure Statement” in their CRA public file?
And: Must banks include a printed version of their “HMDA Disclosure Statement” in their CRA public file?
The intent of the SCRA was to ensure service members are not disadvantaged by their service and do not suffer legal disadvantages because of their absence from home or their job — not to allow service members to mismanage debt obligations.
The Small Business Administration recently issued Standard Operating Procedure 50 10 Version 7 that was…
ABA urged lawmakers to support legislation to reauthorize the National Flood Insurance Program through the end of next year.
And it permissible for a bank to purchase an email list from a third party to send out email marketing materials to non-customers?
And if a bank reports consumer deposit accounts to a “specialty” consumer reporting agency such as ChexSystems, is it required to follow the direct dispute provisions in the Fair Credit Reporting Act?
What if the consumer never requested that the bank stop payment but submits a claim that the transaction is unauthorized?
Previously, only insurance obtained through the National Flood Insurance Program was permissible for FHA-insured mortgages.
NFIP is “essential” so borrowers in flood-prone areas can access mortgage collateral and insurance to protect their properties, ABA said.
The banking agencies issued a set of reorganized, revised and expanded interagency questions and answers on flood insurance compliance.