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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 11 This issue went to press on October 20, 2004. Table of Contents Risk Management & Compliance Programs (6 Action Steps) It is clear that in the minds of the regulators, an effective compliance program has something to do with risk management. The question is how to put the two concepts together. BSA Enforcement: Oops! Another One! Another Bank is now standing on the BSA penalty podium. Action Training: Disposal of Credit Report Information (7 Action Steps ) Disposal of information obtained in a credit report in a timely fashion is one of the FACT Act's new requirements. The concept is a reasonable one. It seems simple. But the new requirement is anything but simple. Compliance Notes Compliance Calendar In the Editor's Opinion: Compliance v. Profit The right attention to the compliance program, and to the customers, is all it takes to prevent loss and build strong customer relationships that are where the profit comes from. Compliance Q&A Gramlich on Subprime Loans FRB Governor Gramlich discussed issues related to subprime lending in his address to the Financial Services Roundtable Annual Housing Policy Meeting. 
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