Latest Compliance - Compliance/Compliance Management Topics

Question: Our bank has a customer who maintains several large accounts with us. He has asked for a rate on a CD that is .126% higher than our posted rate.

When Congress enacted the National Flood Insurance Reform Act of 1994, it meant business. One of Congress' goals was to ensure that property needing flood insurance was in fact insured.

By Richard Insley

At the recent National Graduate School for Compliance Management, a panel of regulators identified the regulations that they see as the greatest compliance risk or exposure in the coming year.

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

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.

By Kathy Curtis