Latest Compliance - Compliance/Compliance Management Topics

by Richard Insley

This month we drop in on the Administrator of National Banks at http://www.occ.treas.gov/

by Richard Insley

This month we wade into FEMA's WWW site looking for freebies on flood insurance.

As part of its regulatory improvement process, the Federal Reserve is proposing changes to Regulation CC and simultaneously to the Commentary.

At ABA's 1996 Compliance Conference, the panel of regulators brought out some important points. On the panel were Carmen Sullivan, FDIC; Bert Otto, OCC; Glen Loney, FRB; and Tim Burniston, OTS.

Editor's Note: Subsequent to the writing of the article below, Section 226.32 of Regulation Z was amended to change the test for what constitutes a "high cost mortgage".

HUD has released a new final rule on permissible referrals and required notices for controlled business arrangements.

Ordinarily at this time of year, the compliance world is beginning to slow down a bit.

Reports of violations from consumer compliance examinations can provide insight into the troublesome areas of deposit regulations.

The pressure to compete is driving (or inspiring) banks to offer a wide variety of pre-approved loan products.

The early reports of CRA examinations under the new rule were rosy. Lately, we are beginning to hear reports from small banks that the new process contains many elements of the old.