Latest Compliance - IT Topics

Question: Can we share bank customer information with the third party vendor?

Question: When does the interagency policy statement apply?

Before selling securities to a consumer, the broker/dealer should determine the suitability of the product for the consumer.

Key Elements

Third Party Agreements

NDIP isn't RESPA. You may pay staff for referrals to the NDIP sales team. However, there are several conditions or restrictions on compensation. First, the compensation must be reasonable.

One of the most common violations that examiners find in RESPA is the failure to send out the Good Faith Estimate within three days of application.

Why, when there have been concerted efforts by both Congress and the bank regulatory agencies (to say nothing of the industry) to reduce regulatory burden, does it seem to be growing instead?

We keep hearing that there will be Know Your Customer regulations "soon." We have been hearing this so long that the question seems to be will it really happen and, if so, when.

Question: Given that Regulation B's signature requirements allow a lender to require the signature of a spouse to secure property pledged to support the commercial loan, could the bank requi