Latest Compliance - Regulators Topics

The storm-related flooding that occurred in the late summer and fall of 1999 in the Eastern United States was so severe that areas in the 100-year flood plain and even the 500-year flood plain were

The Gramm-Leach-Bliley Act of 1999 will take us into a new and dramatically different regulatory era. It will necessarily change the role and nature of compliance.

If you haven't gotten the message yet, the invasion of customer privacy by banks is out.

Watch for a handbook on CRA Guidance.

It isn't a regulation yet, but the message is clear.

The new banking law contains several provisions related to customer privacy. First, the act requires financial institutions to have a privacy policy.

Banks aren't the only entities enjoying the attention of regulators as we march closer to the Year 2000. Vendors are getting similar attention.

Question: When the new FCRA rules took effect, we sent a notice to all of our customers concerning their right to opt out of information sharing.

The OCC has posted a Year 2000 message for consumers. It contains four key messages that OCC wants staff to communicate to the public regarding the readiness of the banking system.

When CRA was being enacted, regulatory burden already existed. In fact, even then there was enough regulatory burden to raise concerns about the possible additional burdens that CRA might impose.