The security officer is required to provide annual reports to the board on the implementation, administration, and effectiveness of the security program.
The security officer is required to provide annual reports to the board on the implementation, administration, and effectiveness of the security program.
Nobody wants compliance mistakes but when they are tolerable and in moderation, you grow, you learn from them and that leads to improvement and survival in a tough world of compliance and banking.
It has been more than a few years since the Reg Z Loan Originator rules came about, and even longer since the SAFE Act requirements began. When rules and regs start to age, the rationale behind their policies and procedures are forgotten.
Have you ever eaten at In-N-Out Burger? The menu is simply delicious… straightforward, plain, and uncomplicated. In fact, it is probably a bit like your loan product lineup.
I heard a banker comment that, “Reg E hasn’t changed, so what’s to learn?” The Reg itself and the commentary haven’t changed, interpretations of who is a financial institution, what is an error and who has to investigate errors have.
Recorded on March 07, 2024
Security Demystified: Navigating the Top 25 Frequently Asked
Audit and Internal Controls,Compliance,Compliance Management and There is a saying, “you don’t know, what you don’t know.” While true, recognize you will still be responsible for all things compliance that you should know.
Have you checked off all the Operations changes on your list from 2023? Did you put out all those “fires” that popped up, or are there still some hot spots?