Most Popular Compliance Content
Know Your What?
04/01/1996
While it is correct that there is not yet a regulation requiring that bank's have a Know Your Customer ("KYC") policy, many banks are reporting that their examiners are asking to review their KYC p
Question & Answer
04/01/1996
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.
Fair Lending: Underwriting Twists
04/01/1996
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.
Flood Insurance: Mysteries of the 30 Day Rule
04/01/1996
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.
Question & Answer
04/01/1996
Question: In our effort to review our entire loan portfolio for flood insurance compliance, we have identified a vendor who will certify our entire portfolio at a very low cost if we retain