Latest Compliance - Compliance/Compliance Management Topics

Bankers have long asked for a level playing field. When asking for this, they usually mean being treated in the same way as their non-bank competitors. One example that comes to mind is CRA.

Compliance is a form of risk management. In the case of compliance, most of the risk we manage is based in or created by laws and regulations rather than by market forces or customer behavior.

Fair lending enforcement doesn't sit still. New issues and new interpretations of the Fair Housing Act and the Equal Credit Opportunity Act emerge with a relentless regularity.

Fair lending enforcement techniques continue to evolve. Both the Department of Justice and the bank regulatory agencies are looking at new issues and legal theories.

Fair lending means flexible underwriting. The old standards are being scrutinized and new ideas tested. Ratios are changing. The significance of the credit report has changed.

How often is the input of the compliance manager brushed off with, "Oh, that's just compliance," or "If it weren't for compliance..." These are natural reactions to the often delivered the message

In a recent presentation at ABA's National Graduate School of Compliance Management, an OCC official identified several elements that regulators believe banks should include in their fair lending p

In a recent speech to the Maryland Bankers Association Compliance Conference, Paul Hancock, Chief, Housing &Civil Enforcement Section stated that the Department of Justice has three priority ar

The bank regulatory agencies have recently announced that examinations will be based on risk analysis. Risk is being discussed primarily in the context of the safety and soundness examination.

The Federal Reserve Board released its final revisions to the Regulation Z Official Staff Commentary on March 28, 1996. We'll have a detailed analysis for you in the next issue.