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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 5 This issue went to press on June 3, 2004. Table of Contents Common Website Violations, by Andy Zavoina, CRCM (4 Action Steps) Banks commonly have websites nowadays that are an extension of your bank - a virtual branch. With your website available to the world at large and to any regulator at any time, it should always be compliant and ready for a review. Avoid common violations being seen on websites. Safe SARs (3 Action Steps) Congress passed the safe harbor for suspicious activity reports in 1992. Although the safe harbor has been in place for more than a decade, there remain questions about how it works and how safe it actually is. Action Training: Compliance for Commercial Lenders (4 Training Topics) A common misperception among many commercial lenders is that the consumer compliance laws have nothing to do with business purpose loans. Compliance Notes
In the United States of America, we can count our best successes as those generated by those who didn't follow the mainstream thinking and instead forged their own path. In the District of Columbia was a small group of people who believed that a financial institution could succeed by going where others would not go. Compliance Q&A Responding to Nature's Hazards FDIC has again issued guidance on steps institutions may take to help rebuild areas affected by severe storms. The significant property damage resulting from a storm or natural disaster creates an urgent need for credit to rebuild, repair, or simply hold damage at bay. FRB Studies Debit Card Fees Congress has asked the Federal Reserve to study the disclosure of fees imposed by account-holding institutions on debit cards issued to consumers. 
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