by TheBusinessProfessor | Feb 23, 2025 | Banking, Lending, and Credit Industry
[cite] Back to:BANKING, LENDING, & CREDIT INDUSTRY Banking And Securities Industry Committee (BASIC) The Banking and Securities Industry Committee (BASIC) was established in 1970 to act as an oversight committee in the settlement of securities and formulate rules...
by TheBusinessProfessor | Feb 23, 2025 | Banking, Lending, and Credit Industry
[cite] Back to: BANKING, LENDING, & CREDIT INDUSTRY Applicable Federal Rate (AFR) The applicable federal rate (AFR) refers to the minimum interest rate that is permissible on private loans by the Internal Revenue Service (IRS). AFR serves as the minimum market...
by TheBusinessProfessor | Feb 23, 2025 | Banking, Lending, and Credit Industry
[cite] Back to:BANKING, LENDING, & CREDIT INDUSTRY What is Regulation BB Regulation BB was created to effectuate portions of the Community Reinvestment Act (CRA). As such, it is a banking regulation that requires covered banks to publicly disclose the communities...
by TheBusinessProfessor | Feb 23, 2025 | Banking, Lending, and Credit Industry
[cite] Back to:BANKING, LENDING, & CREDIT INDUSTRY FHA 203(k) Loan An FHA 203(k) loan is a type of mortgage loan that borrowers can take for home renovation and home purchases. The FHA 203(k) loan is government-backed and allows low-income individuals and families...
by TheBusinessProfessor | Feb 23, 2025 | Banking, Lending, and Credit Industry
Federal Income Credit Corporation TheFederal IncomeTax Significance of Corporate Debt: A Critical Analysis and a Proposal, Plumb Jr, W. T. (1970). Tax L. Rev.,26, 369. This article examines the use and effectiveness of corporate debt in the capital structure....
by TheBusinessProfessor | Feb 23, 2025 | Banking, Lending, and Credit Industry
[cite] Back to:BANKING, LENDING, & CREDIT INDUSTRY Fair and Accurate Credit Transactions Act of 2003 (FACT Act or FACTA) Definition The Fair and Accurate Credit Transaction Act (FACTA) was a US law passed in 2003 that aims to escalate the protective measures...
