Latest Compliance - Compliance/Compliance Management Topics

Credit scoring systems are becoming increasingly popular among lenders, particularly as lenders are pressured to make fair and consistent decisions.

The bank regulatory agencies have issued final rules on suspicious activity reporting. The rules take effect on April 1, 1996, and that's no joke!

The reports are coming in on some of the first compliance examinations under the new CRA regulation and examination procedures.

What happens to compliance specialists? Is it just more compliance out there or is there something else? One former luminary of the compliance world has entered the ranks of the best sellers.

The FRB has published its final commentary to Regulation C, Home Mortgage Disclosure. It takes effect on January 1, 1996 and will affect your data collection and reporting for 1996.

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

The good news is that they really are uniform, as written. In implementation, time will tell. However, keeping them uniform is partly the responsibility of banks.

Question: Are there any special rules or exemptions for "small banks" (those under $250 million in assets) when it comes to data reporting under HMDA and CRA?

The traditional compliance examination has focused on the consumer lending and service activities of the bank.

Question: How often should a bank conduct compliance training? I know there are specific requirements for training on BSA but are there any specific requirements for lending regulations?