Truth in Lending Act (TILA): Federal law that requires lenders to provide standardized disclosures about credit terms and costs, ensuring transparency in lending practices
Equal Credit Opportunity Act (ECOA): Prohibits discrimination in credit transactions based on race, color, religion, national origin, sex, marital status, age, or public assistance status
Fair Credit Reporting Act (FCRA): Regulates the collection, dissemination, and use of consumer credit information, ensuring fairness and privacy
Dodd-Frank Act: Comprehensive financial reform legislation that established new regulatory requirements and consumer protections in the financial sector
Uniform Commercial Code (UCC) Article 9: Governs secured transactions and provides rules for the creation, perfection, and enforcement of security interests in personal property
Federal Reserve Board Regulations: Banking regulations issued by the Federal Reserve that govern various aspects of lending and banking operations
OCC Regulations: Regulatory framework established by the Office of the Comptroller of the Currency for national banks and federal savings associations
FDIC Requirements: Deposit insurance and banking regulations that ensure safety and soundness in the banking system
Bank Secrecy Act: Requires financial institutions to assist government agencies in detecting and preventing money laundering
Securities Act of 1933: Regulates the offer and sale of securities, requiring registration and disclosure of financial information
Securities Exchange Act of 1934: Governs secondary market trading and establishes the SEC's regulatory authority over securities markets
State Usury Laws: State-specific laws that set maximum interest rates and regulate other lending terms
KYC Requirements: Know Your Customer protocols requiring verification of client identity and assessment of potential risks
AML Regulations: Anti-Money Laundering regulations requiring procedures to prevent, detect, and report suspicious financial activities
PATRIOT Act: Includes provisions for strengthening anti-money laundering procedures and enhancing financial institution security
OFAC Compliance: Office of Foreign Assets Control regulations requiring screening against sanctions lists and prohibited transactions
