A lending practices working group (LPWG) has been formed by the American Bankers Association (ABA) as part of its efforts to create innovative initiatives that will educate bankers and local communities on combating illegal loans. The LPWG will consist primarily of bankers and state association executives.
"A key to combating illegal lending is education, and our new Lending Practices Working Group will work diligently to find creative ways to educate the banking community and the communities they serve," said Donald G. Ogilvie, ABA executive vice president. "Consumers need to know that the safest place to get a loan is from a regulated financial institution or bank."
The LPWG will also monitor state and local legislation addressing illegal lending practices. Additionally, the group will act in an advisory capacity on consumer education initiatives and partnerships to help communities combat illegal loans.
Members of the new LPWG include William M. Dana, Jr., president of Central Bank, Kansas City; Robert Anderson, senior vice president and general counsel of First Union Corp., Charlotte, N.C.; Laricke Blanchard, vice president and counsel of Citigroup Inc., Washington; Thomas Lamb, senior vice president of PNC Financial Services Group, Pittsburgh, Pa.; Kathleen Murphy, executive director of the Maryland Bankers Association; and Richard Roberto, president of the European-- American Community Development Corp., New York City.
Комментариев нет:
Отправить комментарий