BCG Newsletter Archive: Year 2000

		BCG Newsletter Archive: 2000

BCG Newsletters Produced In The Year: 2000

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BCG Newsletters: 2000 (jump to a month or scroll down the page)
January February March	April May June	July August September	October November December
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January 2000 Highlights
File Name: News01-00.pdf . . . . View Entire Issue (file size: 203k)

FTC Opinion Letters Provide Guidance on FCRA
HMDA Reporting
Ordinance Banning ATM Fee Prompts Banks to Close ATM Use by Noncustomers
Alleged Fair Lending Violation by Ford Motor Credit Ends in Settlement
Regulation Z Disclosures Must Include Mandatory Termination of PMI
New Law May Help Curb Lawsuits Over Patents
Department of Real Estate Updates Broker Rules
Inner-Cities May See Opening of Neighborhood Bank Consortiums
South Central Los Angeles Extended Few Home Loans by State's Largest Lenders
Futurists Predict by 2005 Getting a Home Loan Could Take a Week
CRA and HMDA Filing
Assessment Area Delineation

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February 2000 Highlights
File Name: News02-00.pdf . . . . View Entire Issue (file size: 221k)

OCC Issues Proposal on Standards for Financial Subsidiaries
FCRA Exam Procedures Issued
Agencies Release Proposed Privacy Rules
House Members Reject Regulation B Data Collection Proposal
Banks Have No Duty to Notify Beneficiaries If Unaware of a Fiduciary Breach
Survey Says Two in Five People Believe Lenders Are Biased
2000 HMDA and CRA Data Entry Programs Are Now Available
Changes to CRA May Violate the Constitution
Bill Would Give FDIC Special Authority
Agencies Issue Guidance on Asset Securitization Activities
Fed Publishes 2000 Fee Schedule for Payment Processing
Illegal Kickbacks Alleged Against PMI Company
Foxdale Bank Settles Action for Alleged Fair Lending Violations
Secretary of State to Provide Notice of Erroneous UCC-1 Termination Filings
Questions of Interest Raised at the January BCG Telephone Chapter Meeting

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March 2000 Highlights
File Name: News03-00.pdf . . . . View Entire Issue (file size: 290k)

Agencies Propose Revisions To SAR
VISA Votes To Do Away With Consumer
Liability On Card Theft
OCC Letter Addresses Use Of Multiple Trade Names
ABA Calls for Money Laundering Reform
FTC Publishes Final Rule on COPPA Accounts
More Banks Must Pay for Deposit Insurance
Placement of Hyphen Between Check Payee Names Signifies "Or"
National Bank Act vs. State Law
Disclosure of an Employee's Private Information
Updated Spanish Edition of "Your Insured Deposit" Now Available
OCC Alert – Internet Web Site Security
BSA/CTR Special Training Seminar
Adverse Action Issues

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April 2000 Highlights
File Name: News04-00.pdf . . . . View Entire Issue (file size: 263k)

FinCEN Now Requires Money Transmitters To File SARs
FDIC Publishes Interim Rule On Activities And Investments
Interim Rule On Merchant Banking Investments Issued
Regulation Z Commentary Updated
Anti-Money Laundering Bill Would Give New Powers to Treasury
FASB Proposal Still Uncertain
TILA Disclosure Obligations by Payday Lenders Refined
Applying Lessons From Y2K
Key Bank to Launch "Virtual Mall" Internet Services
Consumers Will Soon Have Access to Their Credit Scores
Canadian Lottery Scam Correction
Validity Period for W-8 Forms
Compliance Exams May Not Follow Longer CRA Cycle

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May 2000 Highlights
File Name: News05-00.pdf . . . . View Entire Issue (file size: 283k)

Agencies Release Updated Host State LTD Ratios
California Lenders Must Provide Hazard Insurance Disclosures
Agencies Finally Make A Decision On Small Business Renewals
IRS Extends Nonbank Forgiveness-of-Debt Report Deadline
Deals Too Good to Pass Up Usually Are
Less Stringent HUD Goals?
Privacy! Privacy! Privacy!
Fico Credit Scoring System Under Attack
Subprime Lending. The Risks Can Be High for Everyone Involved
SEC Assesses Fine for Failure to Disclose Brokerage Commissions
Data Privacy Agreement Between U.S. and The European Union Finalized
Trustee Statement for Minor's Services Trust Accounts
Family Trust and EINs
California Proposes "High Satisfactory" CRA Standards

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June 2000 Highlights
File Name: News06-00.pdf . . . . View Entire Issue (file size: 292k)

HUD Addresses RESPA Questions
FRB Seeks Comments On Changes To Credit Card Disclosure Rules
Median Family Incomes Updated
States Adopting UETA, While Federal Lawmakers Work on E-Signature Measure
New York May Take the Lead on Cutting Predatory Lending
FRB Revises Payments System to Include Tip Transactions
SEC Guidance Assists With Electronic Offerings
FTC Interpretation Gives Guidance on Premerger Notifications
Adjustment of APR Rate in Auto Contract Did Not Violate TILA
Out-of-State Bank ATMs Given Court Approval
Secured Financing Framework Adopted by Mexican Congress
Biometrics – Friend or Foe
The Smart Card Just Got Cheaper
To Fee or Not to Fee – That Seems to Be the Question
Automotive Giant to Service Residential Loans
FinCEN Reporting Reminders

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July 2000 Highlights
File Name: News07-00.pdf . . . . View Entire Issue (file size: 250k)

Regulation E Proposal Gives Guidance On Electronic Check Conversions
Agencies Release Guidance On Loan Classifications
Revised SARs
Safeguards For Customers' Financial Records Proposed
Hazard Insurance Disclosure Requirements
Action Slows on Bill to Ban Credit Card Use for Internet Bets
Bill Would Permit Reserve Interest
FTC Recommends More Privacy Laws
Single Opt-Out Notice for All Subsidiaries
Other Privacy Actions
Limitation Placed on Discrimination Suit Against Chicago Fed
OCC CRA Worksheets
The Investment Test May Be Eliminated

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August 2000 Highlights
File Name: News08-00.pdf . . . . View Entire Issue (file size: 320k)

HUD Answers Additional RESPA Questions
ATM Surcharge Disclosure Requirements Proposed
OCC Alert - Banks Urged to Protect Web Names
House Bill Would Restrict Banks' Ability to Disclose Health Information About Consumers
Measure Would Provide New Savings Vehicle for Low-Income Individuals
ATM Audio Capability for the Blind Receives Criticism
Bank Regulators and AICPA at Odds Over Plan to Limit Loan Loss Reserves
OFAC Action
"Screen-Scraping" Raises Questions of Liability
Correction Made to OCC's Equity Investment Rules
IRS Clarifies Education Credit and Loan Reporting Requirements
Cities Not Ready to Give Up ATM Fee Fight; Consumers Are Adjusting
Bank Liability Clarified When Accepting Wire Funds
E-Signatures – A Secure Sign of the Future?
Mapping Through the Internet

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September 2000 Highlights
File Name: News09-00.pdf . . . . View Entire Issue (file size: 326k)

State Measure Addresses Whiplash Of AH Interest Accrual Opinion
Consumer Protection Rules Proposed For Insurance Sales Activities
FTC Clarifies Adverse Action Notice Rules Involving Co-Applicants
Online and Electronic Money Services Supervision Proposed
Delaware Takes E-sign a Step Farther With Modified UETA
OTS Considers Test Shoppers
OCC Issues List of Predatory Lending Warning Signs
Options Proposed for Reforming Deposit Insurance System
Banking Industry Speaks Out Against Proposed Large Type Face on Credit Card Forms
Proposed Rule Would Permit FHCs to Act as "Finders"
Foreclosing Bank's Notice to Buyer of Construction Defect Lawsuit and Settlement Satisfies Disclosure Duty
Appellate Court Finds Car Dealer Violated TILA
Internet Lenders Cautioned Against Careless Web Links
Providian's Price Tag for Predatory Lending Practices – $300 million
Keys to Vehicle Leasing Now Available on FRB Web Site
Tech Start-ups Sought by Local Banks for Deposit Business
Correction
CRA Study Released
CRA Disclosure Statement
1999 HMDA and CRA Aggregate Data is Now Available

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October 2000 Highlights
File Name: News10-00.pdf . . . . View Entire Issue (file size: 259k)

FFIEC Clarifies ALLL Methodologies and Documentation
OCC Lending Limit Proposal Would Give Greater Flexibility to Healthy National Banks
Information Reporting on Independent Contractors
Proposed Change to State Privacy Law Viewed as Futile
TRUSTe Proposes Guidelines for Child Online Privacy Protection
Credit Reporting Trade Group Files Lawsuit Claiming New Privacy Rules Are Unconstitutional
Affordable Bank Tellers Hard to Find
FDIC Brochure Assists Consumers In Safely Banking Online
Small Business Loans

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November 2000 Highlights
File Name: News11-00.pdf . . . . View Entire Issue (file size: 415k)

California Busy On The Legislative Front
OTS Urges Thrifts To Analyze Investment Securities
FDIC Calls For Security Monitoring Of Computer Networks
OFAC Updates Blocked Persons List
Agencies Considering Simpler Capital Rules
U.S. Bank Agrees to $2 Million Settlement and Enhanced Consumer Privacy Policies
United Orient Bank Penalized More Than $500,000 for Improper Freezing of Account
TILA Disclosure Requirements Not Violated By Line of Credit Check Offer
Debt Collection Letter Met Debtor's Statutory Validation Rights
Court Finds Arbitration Provision Did Not Conflict With TILA and EFTA
Basel Committee Addresses Electronic Banking
Additional Guidance on Information Reporting of Independent Contractors
California Requires "Satisfactory" Banks

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December 2000 Highlights
File Name: News12-00.pdf . . . . View Entire Issue (file size: 351k)

FDIC Seeks Comments On Predatory Lending
FinCEN Releases SAR Survey
Agencies Adopt Consumer Protection Rules for Insurance Product Activities
FFIEC Provides Guidance On Outsourced Technology Services
FRB Adjusts Section 32 Points and Fees Threshold
FinCEN Issues Clarification in Completing CTRS Involving Double-Endorsed Checks
County Welfare Recipients Given Option to Receive Payments Electronically
HUD Proposes Standards for Sexual Harassment Cases
Agencies to Focus on Fair Lending With Small Businesses
Casinos Used for Money Laundering
FASB Puts Pooling-of-Interest Ban on Hold
Anti-Money Laundering Guidelines Adopted by International Banks
OTS Encourages Banks to Seek Out Immigrant and Minority Customers
FTC Settles Violations of FCRA With California Debt Collection Agency
Payday Lenders Are Paying the Piper
Justice Slams Nissan Finance Arm in Discrimination Case
California Supreme Court Finds in Favor of Employer
Revised Wage Orders Issued – Posting Required
FDIC Cautions of Risks in Underwriting Practices

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