Latest Compliance - IT Topics

We have been talking about "managing compliance" or compliance "management" for some years. Those of us who do it - who manage compliance - know what it is.

Question: Customers are asking our bank to refinance their loans with us at rates below what we generally offer.

Question: An outside auditor recently criticized our ARM disclosures because they do not include the demand feature disclosure.

President Clinton has announced two nominations to the Board of Governors of the Federal Reserve System.

HMDA looks deceptively straightforward. However, as we work with it, we continue to discover areas of ambiguity.

The Federal Reserve is requesting comment for the definition of what constitutes a finance charge in Regulation Z.

For those of you looking forward to the new era of suspicious activity reports in lieu of criminal referrals, there is still hope. It should happen in 1996. In fact, it should happen soon.

Not yet, but soon. The new policy on exemptions won't be issued until the suspicious activity report process is final.

The word from the regulatory agencies is out, and it's final. There will be no delays in implementing the new CRA regulation and examination procedures.

The Federal Reserve Board is requesting comments on a proposed check fraud survey.