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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 |  |
Volume 9, Number 4 This issue went to press on May 18, 2004. Table of Contents Regulation B: The Signature Conundrum Each time the Federal Reserve Board has reviewed and revised Regulation B, the signature rule has gotten attention - lots of attention. In spite of that, signature violations persist. Regulation: Another Strike at Unfair or Deceptive Practices (4 Action Steps) Until recently, what constitutes unfairness or deception has been defined through enforcement actions brought by the FTC. Now, however, the financial institution regulatory agencies are taking strong steps. Action Training: Fair and Non-deceptive Advertising (11 Guidelines) The guidance provided by the FDIC and the FRB gives great weight to advertising practices. All marketing within your institution should be measured against the principles set out in this guidance. Compliance Notes
Laws and regulations offer quite enough in the way of regulatory burden. However, interpretations and other forms of answers to questions take us further down the burden road. The next time a rule such as the signature rule comes out, think about it before asking. Because if you ask, you'll get an answer! Compliance Q&A Reg Z: Some Changes Changes to Regulation Z and the Official Staff Commentary take effect October 1, 2004. 
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