Regulation C

Published May 13, 2002, 11:17 p.m. EDT

|

Updated July 16, 2004, 2:27 p.m. EDT

1 Min Read

Regulation C [12 CFR 203 - Home Mortgage Disclosure] - requires banks which have an office in an MSA and over a certain threshold in assets (the amount is adjusted annually) to gather government monitoring information (relating to age, sex, race, national origin) on applications for home improvement and home purchase loan applications, as well as refinancings, and record that information on a Loan Application Register and report it to the government in order to aid it in tracking lending patterns and analyzing them for any evidence of illegal discrimination.

Processing Content

For reprint and licensing requests for this article, click here.

MORE FROM AMERICAN BANKER

Artificial intelligence

Letter from the Editor Introducing AI Intelligence on American Banker

Research, insights and data on how banks and financial institutions are using AI can now be found in a new location on American Banker.

By Chana Schoenberger
Editor-in-Chief

2h ago
Regulation and compliance

OCC scraps bank-recovery plans

The regulator argues the plans were costly, too theoretical and ineffective, eliminating the financial crisis-era requirement as part of the Trump Administration's deregulatory push.

By Ebrima Santos Sanneh
Reporter

5h ago
Industry News

Trustmark promotes exec, setting him up as potential next CEO

Thomas Owens, Trustmark's current chief financial officer, will take over as chief operating officer on May 1. The COO position has historically been a pathway to the top job at the Jackson, Mississippi-based bank.

By Nathan Place
National Reporter

6h ago
Citi

BaaS and payments are becoming intertwined: Citi's Will Artingstall

Will Artingstall, global head of digital asset payments and ecommerce solutions within Citi's Services business, sat down with American Banker to discuss the firm's banking-as-a-service business and how it fits into its larger corporate payments strategy.

By Joey Pizzolato
Reporter

6h ago
M&A

Deal will bring N.C.'s Fidelity Bank into Atlanta area

The bank's planned $142 million acquisition of Affinity Bancshares comes as war-related uncertainty appears to have slowed the industry's appetite for mergers.

By John Reosti
Reporter

7h ago
Payments

Exclusive research On-chain investments could drive payments growth

American Banker data finds that a majority of executives investing in technology expect payments enhancements in the immediate future as well as further out.

By Frank Gargano
Data Reporter

7h ago

Load More