Items Tagged with 'ecoa'

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Compliance Matters

NCUA is Looking at Fair Lending Practices

NCUA will select a number of FCUs for fair lending exams this year.
Agency will focus on the Equal Credit Opportunity Act, Home Mortgage Disclosure Act, and Fair Housing Act.
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Compliance: Never Let Your Guard Down

A case in point involves the Equal Credit Opportunity Act.
Penalties for violating ECOA can be quite severe. Just ask a small bank in Texas.
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Credit Union Magazine

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October 2014

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