Compliance Action, Volume 12, Number 10

BSA Enforcement: Joint Agency Policy (5 Action Steps)

by Lucy Griffin

Enforcement actions that the agencies may take and the program weaknesses that may trigger them are core issues of the Joint Agency policy.

Unfair or Deceptive: OTS Steps In (4 Action Steps)

By Lucy Griffin

Incorporating guidelines into regulations is a significant step and the fact that OTS is even thinking about it is a clear warning about the status of consumer protections.

Your Own Training

By Lucy Griffin

The agencies want Compliance Managers to have training aimed at their professional level relative to regulations.

Compliance Notes

• BSA "Oops"
• Minority Institutions
• Nonmetropolitan Geographies
• More FCRA Issues
• Stored-Value Cards
• OTS Housing Forum

Compliance Calendar

In the Editor's Opinion
Staying in Business

By Lucy Griffin

Without customers, a business cannot stay in business - and customers have choices. Making product choices and decisions based on income targets for your institution is how not to stay in business.

Compliance Q & A

• Change to GFE after Application
• Exemption Loan Terms Changed
• Land Purchase & RESPA
• Withdrawn Application & Disclosures
• Escrowing Funds for Disability Tax Exemption

Final §312 Rules

By Lucy Griffin

FinCEN publishes final rules on banking relationships with foreign banks.