Latest Compliance - Audit Topics

Atlanta has been a source for significant development in the fair lending arena.

The Federal Reserve has published its annual update to the Official Staff Commentary to Regulation Z.

By Kathy Curtis

We have been talking about "managing compliance" or compliance "management" for some years. Those of us who do it - who manage compliance - know what it is.

Between April, 1993 and the end of 1995, the OCC referred 20 fair lending cases to the Department of Justice.

The Department of Justice never seems to sleep. Its attorneys are even now developing cases that will test new legal theories under the fair lending laws.

Lenders are and have always been responsible for maintaining compliance with flood insurance requirements for the loans in their portfolio as well as for the loans which they originate.

With the issuance of the new Currency Transaction Form (CTR - Form 4789) it's time to take another look at what we're doing right-and, more importantly, what we're doing wrong in complying with the

General Session speaker William Isaac, Chief Executive Officer & Managing Director, Secura Group, Washington, D.C...."Banks should not try to be the K-Mart of the financial industry.

QUOTES OVERHEARD at the Bank Administration Institute's Security and Compliance Conference in Orlando