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UNUSUAL DISCRIMINATION CASE

Familial Status – Discrimination based on the presence or the anticipated presence of children under the age of 18. In my seminars I point out how unusual it is to see cases of family status discrimination. Most examiners don’t look for this problem and most lenders don’t engage in this type of discrimination. So imagine my surprise when HUD slammed a Houston-based mortgage lender with a big enforcement action for familial status discrimination. The lender […]

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RULES AND ORDERS TO BE ENFORCED BY THE CFPB

On May 31st the Consumer Financial Protection Bureau (CFPB) published the list of the rules and orders it will enforce beginning on the designated transfer date of July 21, 2011. The list includes the agencies transferring rules and orders to the CFPB.  The CFPB will be very busy in the coming months, and probably for several years to come.   Board of Governors of the Federal Reserve 1. 12 CFR Part 202—Equal Credit Opportunity Act (Regulation […]

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FREE TRAINING RESOURCE FOR BANK DIRECTORS

The Federal Reserve Bank of Kansas City has an amazing free training resource for bank directors, aptly named Training for Bank Directors. The information is available at: https://www.bankdirectorsdesktop.org/training.cfm?m=01&l=01&s=1.htm. The computer based training includes approximately fifty modules covering the following topics: * What is a Bank?    * Regulatory Structure * Regulatory Compliance * Bank Safety and Soundness * When Things Go Wrong  The material is basic. You will not be granting PhDs in banking to […]

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