Latest Compliance - Audit Topics

As part of its active oversight of the non-deposit investment program, the Board should require - and review the results of - an independent audit.

Remember the days when we all called it "consumer compliance"? There was the Consumer Credit Protection Act and all those stories about consumers who needed help.

Remember the days when we all called it "consumer compliance"? There was the Consumer Credit Protection Act and all those stories about consumers who needed help.

The 1996 amendments to the Fair Credit Reporting Act ("FCRA") contain clarification of rules governing use of a consumer report for the purpose of developing a mailing list for product offerings.

by Kathy Curtis, Compliance Manager, Century Bank, Washington, DC

A panel of regulators at the Maryland Bankers Association's Compliance Conference discussed how their agencies approach the compliance examination using risk and gave valuable advice on how banks s

In this issue, we are giving attention to several important areas of the compliance management process including participation in rule makings.

In what may be the most significant cost savings actions of the year, compared to what might have been, the Board of Governors of the Federal Reserve System has withdrawn the proposal to amend Regu

The Federal Reserve Board has published for comment regulations to implement the 1996 amendments to the Equal Credit Opportunity Act.

The final rule provides clear guidance on the treatment of debt cancellation fees, GAP, and similar items that function as alternatives to credit insurance or credit life insurance.