How "Clean" is That Portfolio?
Posted on April 25, 2016
How “Clean” is that Portfolio? An industry trend of the steadily increasing pace of regulation and the resulting volume of requirements is placing a great...Credit Insurance on the Move!
Posted on January 15, 2016
Credit Insurance Rates on the Move! Entering into 2016, three states published prima facie credit insurance rates will be changing. Specifically, Colorado, Nebraska, and Virginia promulgate new...APRWin is Not Infallible!
Posted on August 27, 2014
APRWin is Not Infallible! By: Joe Discenza APRWin, from the Office of the Comptroller of the Currency, is a mainstay in compliance circles. It is a great tool, and, like nearly every fie...The Actuarial Method - Beware the Compounding
Posted on April 24, 2014
The Actuarial Method - Beware the Compounding During a recent training session for a group of newer employees (fairly new by Carleton standards, since our average tenure is approximat...Computing an APR with the new Mortgage Payment Disclosures
Posted on March 26, 2014
Computing an APR with the new Mortgage Payment Disclosures Had an interesting phone message from a colleague attending a Mortgage Bankers Conference yesterday. It went something like this:...Is Calculation Validation Included in Your Compliance Program?
Posted on March 05, 2014
Is Calculation Validation Included in Your Compliance Program? Often we fall prey to not being able to see the forest because of the trees. The details overwhelm us and we miss the proverb...The APR: Semi-monthly Complications
Posted on December 31, 2013
The APR: Semi-monthly Complications There has been a marked increase over the past couple of years in credit plans being tailored to the payroll frequencies of respective borrowers and retail bu...Preparing for the 2014 HOEPA Regs
Posted on November 08, 2013
Preparing for the 2014 HOEPA Regs We've spent the last couple of months putting the finishing touches on revisions to the Carleton "HOEPA" module. Like any software update that deals with regul...Maximum Finance Charges... It's Not Just the Rate
Posted on August 29, 2013
Maximum Finance Charges... It's Not Just the Rate The regulatory climate is about as uncertain and volatile as I have seen it in my 28 plus years at Carleton. Of course, the big dog in the room...MOB Credit Insurance and the CFPB
Posted on July 17, 2013
MOB Credit Insurance and the CFPB It's been an active month for regulation, to say the least. A minor deluge of state based July 1st law changes mixed with the CFPB's upswing in both proposed a...