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In this Issue
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Feature Article
Special Offer
Smart Compliance Blog
Fair Lending News
TruPoint News
Ask the Expert
Regulatory Corner
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Upcoming Events
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June 20, 2011
Curry Celebrity Classic
to benefit the Ada Jenkins Center
presented by TruPoint Partners
River Run Country Club
Davidson, NC
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Feature Article
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The Tsunami of Compliance Change Requires Lifeboats
With all the discussions around regulatory changes you might think banks were in the business of governance, rather than deposits and lending. Of course, it is understandable considering the potential ramifications of failing to meet federal regulations, such as the Fair Lending, Community Reinvestment Act (CRA) and now Dodd-Frank. Compliance demands are overwhelming and the sheer volume of change has never been seen before. Outsourcing is an increasingly viable solution.
Read more about outsourcing compliance functions.
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Special Offer
New! Redlining and Reverse Redlining Reports!!
Stay ahead of the regulatory curve with all the data you need...
simplified to help you make informed decisions.
Receive your FREE Redlining & Reverse Redlining Sample Report Today.
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Smart Compliance Blog
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Fair Lending and Reverse Redlining... Can Banks Ever Win?
Prior to the mortgage crisis, regulators encouraged banks to improve their Fair Lending and CRA (Community Reinvestment Act) efforts and market mortgages to poor minorities with weak credit. Now, banks are being persecuted for those same loans for "Reverse Redlining" or "Predatory Lending". Banks price loans based on risk. Higher risk loans are priced higher. Now these same loans that banks were encouraged to make prior to the mortgage crisis are being targeted for increased scrutiny by the government. Continue reading our Smart Compliance Blog for more about reverse redlining.
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Fair Lending, HMDA & CRA News
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We are growing to serve you better, and that means a move to larger office space. Beginning this month TruPoint Partners headquarters
will be located at SouthPark Towers. We will continue to provide top quality customer service, innovative reporting products, and important compliance data that helps you minimize risk and ensure the successful management of regulatory change.
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Ask the Expert
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by Michelle Nuckols, CRCM
Q: How will the Ability-to-Repay changes in Regulation Z protect consumers from obtaining too much debt?
A. From credit cards through mortgage applications, the Credit Card Act & Dodd Frank combine to restrict consumer access to "too much" credit, creating additional compliance hurdles for lenders who must now determine an individual's expected ability to repay.
Click through to learn more about what you will be expected to consider when making consumer lending decisions.
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Regulatory Corner
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TruPoint Partners | 6100 Fairview Road | Suite 105 | Charlotte, NC 28210
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