Latest Compliance - Audit Topics

The agencies have spoken on the topic of subprime lending.

Flood insurance compliance should be reviewed very carefully in your compliance audits. A tip from examiners indicates how thorough your audit should be.

The FRB's report on CRA is in. Some of the findings are interesting, particularly with respect to subprime lending.

OCTOBER

Just when you thought you could concentrate on privacy and forget about everything else (except RESPA), the Federal Trade Commission staff issued two interpretations of the Fair Credit Reporting Ac

Coming Up BANKERS' HOTLINE
7th Annual Security Officers Workshop
Philadelphia, PA, May 8-10, 2001
Info: (800) 660-0080

AMERICAN BANKER

Topic number one at the CAC's meeting was the drafting of new regulations to implement the privacy provisions in FinMod.

by Barbara E. Hurst

The storm-related flooding that occurred in the late summer and fall of 1999 in the Eastern United States was so severe that areas in the 100-year flood plain and even the 500-year flood plain were