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The Evolution of Privacy – Changing Again! “Privacy” became a topic of discussion around the turn of the century (2000). The concern then was that customer information was being shared with service providers who in …
DOMESTIC TERRORISM – THE NEW THREAT Once when one thought of “terrorism,” it was foreign terrorism that came to mind. And what would a community bank have to do with that? But terrorism has moved …
The COVID pandemic has done much to promote electronic banking. Initially, banks began seeing an increase in debit card access and online banking enrollments because persons accustomed to using branches could not access them. Growth …
CFPB ISSUES ADVISORY OPINION ON SPECIAL PURPOSE CREDIT PROGRAMS Under the Equal Credit Opportunity Act (ECOA) banking institutions are allowed to extend “special purpose credit” when the Bank intends to meet special social needs. The …
CFPB ISSUES ADVISORY OPINION ON SPECIAL PURPOSE CREDIT PROGRAMS Evelyn I. Dehmey
ARE YOU THE “TRUE LENDER”? The court ruled in the “Madden” case that the assignee of a loan made by a national bank or federal savings association may charge the same interest rate that the …