Latest Lending - Settlement/Settlement Topics

It's here. The Federal Reserve Board has signed off on proposed Know Your Customer ("KYC") rules.

by Pat Patrick, Banc One National Regulatory Compliance Division

As marketing techniques - especially marketing "research" techniques - become more aggressive and competitive, banks should hone their techniques for guarding data.

Question: We have a lot of compliance policies. Some board members have questioned whether we really need all these policies.

The most frequently violated compliance requirements involve the Real Estate Settlement Procedures Act (Regulation X), a FDIC list revealed.