Latest Compliance - Regulators Topics

At ABA's 1997 National Graduate School of Compliance Management, a panel of regulators from the FDIC, FRB, and OCC answered students' questions.

CRA

Activity on the Internet is increasing dramatically. It is now much more than e-mail and amusement sources for children who have outgrown cartoons.

Each regulatory agency now has Community Affairs Officers. They are there to help you. As you search for ideas, resources, and contacts, your Consumer Affairs Officer can be a valuable resource.

In the past decade, there has been heated debate about the role of bank regulation. There have been debates over whether bank activities should be regulated and to what extent.

Much has been said in the press recently - at least in the press that covers (and recovers) the goings on in Washington, D.C.

Why bother?

Program disclosures for adjustable rate mortgages and home equity lines of credit must be updated annually. The historical example must be updated and must also reflect the terms of the contract.

Why bother?

The bank regulatory agencies received only 138 comment letters in response to the proposed flood regulations. Of those comments, 66 (less than half) were from banks or bank holding companies.

Compliance programs for BSA can't stand still. Your program's evolution is driven by two forces.