Bank Wire – New ACH rules issued for “micro-entries”
$225.00
Description
Abstract: In this brief summary of current issues in banking, we explain new ACH rule changes regarding micro-entries; discuss a proposal to modernize the Community Investment Act; and note that the Consumer Financial Protection Bureau has warned that the use of “black box” models doesn’t allow lenders to avoid their obligations under the Equal Credit Opportunity Act (ECOA).
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