Compliance Action, Volume 20, Number 3

Indirect Higher Expectations (5 Action Steps)

By Lucy Griffin

The OCC's final risk governance guidelines applicable for large banks, referred to "heightened expectations" establish minimum standards for the design and implementation, and board oversight, of a risk governance framework. With every new set of regulations for the big banks, we typically see the trickle down of those expectations for all financial institutions.

Rampant RESPA Rage (3 Action Steps)

by Patti Blenden

The CFPB has gone after another lender for RESPA Section 8 violations.

Action Training
Are Your Privacy Notices Telling the Truth, the Whole Truth and Nothing but the Truth? (Chart)

Those institutions who qualify for alternative delivery of annual privacy notices must meet some requirements we've laid out in a model privacy notice quick reference guide.

Compliance Notes

• Shifting Winds for ECOA's Guarantor Protections
• HUD Releases SCRA Disclosure Form HUD-92070
• Less Restrictive TILA Riscission Requirements
• Over $5 Million Bitcoin Heist
• Youth Savings Programs

Compliance Calendar

In the Editor's Opinion
Who's the White Knight Now?

By Lucy Griffin

Medical debts reported to credit agencies were having a detrimental effect on consumers. It took the actions of a state - not federal agency - to forumulate a solution to this problem.

Compliance Q & A

• Employee Referrals to MLOs
• Appraisal Rules for Co-op Units
• Special Circumstances Loan HMDA Reportable?
• Reporting Partial or Incomplete HMDA Data

Regulators on MSB Accounts

The FDIC has joined the voices urging depository institutions to provide properly risk-managed deposit services to money service businesses.