ComplianceAction Newsletter

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FORGET YOUR PASSWORD?
Editor: Lucy H. Griffin

Board of Advisors:
John S. Byrne, Esq.
Robert P. Chamness
Cliff E. Cook
Phillips G. Gay, Jr.
Barbara Hurst
Richard Insley
Michael D. Maher
Robert G. Rowe, III
Andy Zavoina

Vol. 10, No. 16
January 6, 2006

Executive Editor: Lucy H. Griffin, Esq.

Board of Advisors:
John S. Byrne, Esq. David Battle Robert P. Chamness Phillips G. Gay, Jr.	Barbara Hurst Richard Insley Michael D. Maher Robert G. Rowe, III, Esq. Andy Zavoina

Table of Contents (read Recent Issues)

Looking For Risk Management (6 Action Steps)
A risk management program should be tailored differently for each institution. The program should be designed to respond to and manage a unique set of risks presented by that institution and its market.

Non-traditional Mortgage Products: New Guidance (3 Action Steps)
Based on agency concerns about risk to both safety and soundness and to compliance, the financial regulatory agencies have issued joint guidance for institutions and examiners on nontraditional mortgage products.

Action Training: Measuring Risk (chart)
A key element of measuring risk is determining the amount and priority of risk.

Compliance Notes

Compliance Calendar

In the Editor's Opinion: Why Do We Do This?
Ever wonder why we do all this compliance "stuff' and what it's all about anyway? Sometimes we just need a little perspective.

Compliance Q&A

Compliance Q&A: Adverse Action Notices: Special Insert