In the June 1, 2011 issue of the Federal Register, the Board of Governors of the Federal Reserve System (FRB) published amendments to Appendix A of Regulation B, which implements the Equal Credit Opportunity Act, to update the address where questions should be directed concerning creditors for which the Federal Deposit Insurance Corporation administers compliance with Regulation B.
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Read articles below for analysis and discussion of recent trends by BM&G’s industry experts.
New Interagency Appraisal and Evaluation Guidelines
In the December 10, 2010 Federal Register (75 FR 77450) the Office of the Comptroller of the Currency (OCC), the Board of Governors of the Federal Reserve System (FRB), the Federal Deposit Insurance Corporation (FDIC), the Office of Thrift Supervision (OTS), and the National Credit Union Administration (NCUA) (the Agencies) jointly issued new Interagency Appraisal and Evaluation Guidelines (Guidelines) for federally regulated financial institutions. These new Guidelines supersede the 1994 Interagency Appraisal and Evaluation Guidelines.