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Compliance Action, Volume 23, Number 5

July 31, 2018

*** From the Editor: Articles uploaded ***

Check back frequently and catch the new content as it is published! Once the issue is complete, the .pdf version will be available (and you will receive an email alert).

- Patti Joyner Blenden, Editor



A Very Grateful Compliance Professional

by Patti Joyner Blenden

I fell in love with banking from the first time I was handed a teller drawer at 15. Last month, it was my distinct honor to receive the 2018 American Bankers Association’s Distinguished Service Award. I cannot even begin to tell you how grateful I am.

The BCFP’s First Official Federal Agency Seal

by Patti Joyner Blenden

Congress originally named the consumer protection agency the Bureau of Consumer Financial Protection (BCFP). That is now reflected in the new seal. This is also a chance for the financial services industry to shine.

Identifying Politically Exposed Persons (PEP)

by Patti Joyner Blenden

Banks should take all reasonable steps to ensure that they do not knowingly or unwittingly assist in hiding or moving the proceeds of corruption by senior foreign political figures, their families, and their associates.

Expiring Individual Taxpayer Identification Numbers (ITINs)

by Patti Joyner Blenden

Congress originally named the consumer protection agency the Bureau of Consumer Financial Protection (BCFP). That is now reflected in the new seal. This is also a chance for the financial services industry to shine.

Action Training
Home Mortgage Disclosure Act (HMDA) for Low Volume HMDA Filers Update

Details will follow, but we discuss (and include) the referenced section subject to the HMDA data elements exemption.

Action Training
Sanctions List Example Including Domestic Politically Exposed Persons (PEP)

The complexity and risk level of your customer base and market area may demand a more robust PEP screening program.

Compliance Calendar

In the Editor's Opinion
Beware of “Revenge Regulations”

by Patti Blenden

It is such a welcome change to be evaluating the impact of bipartisan regulatory relief for our financial institutions. So, you may be wondering what exactly do I mean by “Revenge Regulations?”

Compliance Notes

Compliance Q & A

Compliance Online
Military Consumer Month

by Patti Joyner Blenden

The Federal Trade Commission and its partners kicked off Military Consumer Month on July 1. We share a link to great resources

Editor:
Patti Joyner Blenden
Board of Advisors:
John S. Byrne, Esq.
Cliff E. Cook
David Dickinson
Julia A. Gliha, MBA
Michael D. Maher
Carl G. Pry
Susan A. Rich
Robert G. Rowe, III, Esq.
Andy Zavoina

Compliance Action

Bankers' Hotline

Compliance Action