October 13, 2003 News Archive

Governor Ferguson Comments on Future of Financial Services
In remarks at the University of Massachusetts' Future of Financial Services Conference, the Fed's Governor Roger W. Ferguson, Jr. discusses the evolution and performance of the financial services industry.

FFIEC Releases E-Banking, IT Audit and Fedline Application Handbooks
In a recent press release, the Federal Financial Institutions Examination Council (FFIEC) issued revised guidance on e-banking, IT audit, and the Fedline electronic transfers application.

Interagency Task Force Publishes New Consumer Brochure on Predatory Lending
In a joint press release, the federal regulatory agencies announced the availability of a new consumer brochure, "Putting Your Home on the Loan Line Is Risky Business," which informs consumers of their rights when using their homes as collateral. A shopping checklist is included with the brochure to assist with comparison shopping for interest rates, payments, term of the loan, points and fees, and other costs of the loan.