The Federal Deposit Insurance Corp. last week said banks are making too many errors on Truth-in-Lending disclosures required for credit life policies and construction loans.

To correct the problem, the FDIC issued additional guidance last Wednesday.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.