Predatory Lending

Wolters Kluwer Preps Clients for Reg Z 

Technology and consulting firm Wolters Kluwer will now offer on-site assistance to help institutions begin preparing for the Federal Reserve Board’s new Regulation Z requirements, going into effect in October. The changes will require institutions to comply with several Home Ownership and Equity Protection Act (HOEPA) requirements tied to a new class of mortgages the FRB identifies as “higher-priced.”