The Rate Spread Calculator is an online tool provided by the Federal Financial Institutions Examination Council (FFIEC) that helps bankers compare a loan’s APR to the national average, based on the set of terms offered in a HMDA-reportable loan.
Related entities refer to relationships between a bank’s customers and accounts.
A financial institution might “resolve” an exception once the item in question has come into conformity with certain predefined requirements.
A retail lockbox is designed for businesses that deal with high volumes of consumer payments, such as utilities, credit card companies, and subscription-based services.