Latest Compliance - Compliance/Compliance Management Topics

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?

Question: My CEO told me that he heard that small banks are exempt from CRA. My understanding is different. Could you clarify how small banks are treated under the new CRA regulation?

Question: Our bank is using next day availability for all our deposit customers. However, we have had some losses.

Question: Our construction lenders often make loans to consumers to purchase a lot and take security in the lot.

Question: What are acceptable ratios for loan applications from minorities and approvals to denials for minorities and non-minorities? Are there any standards?

by Thomas P. Della Torre

To almost no one's surprise, fiscal 1995 has been a record-breaker with respect to flood damage claims. As of January 1996:

As we enter 1996, we enter a new era for CRA. First, we passed through implementing the new law.

Expedited funds is getting high level attention. The U. S. Supreme Court has heard and ruled on an expedited funds case.