Latest Compliance - Compliance/Compliance Management Topics

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.

Question: I understand that in the new CRA examination, the examiner will compare our performance to that of similarly situated banks. We are the only bank in town.

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

Question: Is it legal to have a policy of offering loan terms for existing customers that are more favorable than the terms offered for new customers?

Under the new flood hazard insurance rules, someone must guarantee the certification of the property supporting the loan.

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.