Could someone please tell me what are considered "consumer loans" and what that means regarding other types of loans.
As of right now I understand that vehicle loans and home equity loans/lines are consumer, but the bank I work for doesn't consider mortgages a consumer loan. I've found documentation online that suggests Mortgages are Consumer Loans so I'm confused. I work for a Federal Savings Bank..
Could someone give me an overview of all types of consumer loans and what the differences are in regards to any Federal Laws.