Compliance Action, Volume 14, Number 6

Fair Lending: New Redlining Tools (3 Action Steps)

By Lucy Griffin

Making a comeback from the '70s, redlining is popping up its ugly head again, under new rationales and new and old techniques.

Regulation Z Revisions: Mortgage Disclosures (4 Action Steps)

By Lucy Griffin

With less than 3 months to get ready, now is the time to review and train your staff on the new rules under the Mortgage Disclosure Improvement Act.

Action Training
Describing Suspicious Activity (Chart)

By Lucy Griffin

The narrative is often the weakest link of a filed SAR.

Compliance Notes

• School Savings Programs
• New Ombudsman Unit
• Burden Review of SAR
• MSB Resources
• Payday Lender Enforcement
• FTC Tackles Foreclosure Scams
• OCC Tips on Avoiding Mortgage Scams
• $5 Million!

Compliance Calendar

In the Editor's Opinion
Compliance Explosion

By Lucy Griffin

The old adage "change is inevitable" is certainly applicable to the changing face of compliance.

Compliance Q & A

• HELOC Limit Reduction Notices
• Vendor Identification on GFE
• Over 50 Account Products
• Investigating Reg E Error

Fraud with Shelf and Shell Companies

Shell and shelf companies can be legitimate but are often used for fraudulent purposes. Distinguishing the difference can be a challenge.