Bank Wire – Fed launches new consumer compliance publication

Description

Abstract: This summary of recent developments in banking discusses a new consumer compliance publication put out by the Federal Reserve Board that provides clarity in interpreting consumer protection regulations. It also notes that the federal banking agencies recently raised the threshold for commercial real estate (CRE) transactions requiring an appraisal from $250,000 to $500,000 and suggests that it’s important for lenders considering working with loan participations to work closely with legal and financial advisors to manage the risks involved.