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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
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Vol. 11, No. 2 February 28, 2006
Executive Editor: Lucy H. Griffin, Esq.
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| Board of Advisors: |
John S. Byrne, Esq.
David Battle
Robert P. Chamness
Phillips G. Gay, Jr.
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Barbara Hurst
Richard Insley
Michael D. Maher
Robert G. Rowe, III, Esq.
Andy Zavoina
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Table of Contents (read Recent Issues)
Managing Vendors: Some Guidance from the Agencies (6 Action Steps)
Your regulator may not help you shop for vendors or negotiate terms but the FFIEC agencies have published some guidance for your contract relationships.
RESPA: Can Your Lenders Outsmart Section 8? (4 Action Steps)
RESPA's §8 prohibitions against bribes and kickbacks make a lot of sense in theory. It is in the practice that things become difficult.
Action Training: Who is Covered? (Chart)
Regulatory coverage for specific situations can be confusing. This chart provides the regulations' definitions for coverage to use as a reference tool.
Compliance Notes
Compliance Calendar
In the Editor's Opinion:
Burden v. Results: Is Compliance Worth It?
The best solution to regulatory burden would be to prevent the need for regulation and stop blaming compliance.
Compliance Q&A
CRA & Disasters
The OCC has issued recent guidance providing an expanded interpretation of activities in disaster areas. Most significant is that this guidance clearly recognizes the role of CRA in economic development.
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