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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. 13, No. 15
December 22, 2008
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)
Payment Processors: The Risk They Present (5 Action Steps)
The risks presented by payment processor customers ranges from strategic risk and compliance risk to possible damage to the institution’s reputation.
Meeting Credit Needs (5 Action Steps)
Giving careful attention to safety and soundess, financial institutions should actively work to meet the needs of creditworthy borrowers in their markets.
Training Page:
Red Flag Identity Theft Program: Required Elements (Chart)
Financial institutions are required to implement and maintain written compliance programs for identity theft red flags.
Compliance Notes
Compliance Calendar
In the Editor's Opinion:
RESPA's Effective Date
Besides being the worst regulation published in this century, the RESPA revisions take effect long before use of the new GFE form will actually be required.
Compliance Q&A
Transfer of Servicing
HUD's final revisions to GFE contain model language for the settlement service transfer based on the current statutory requirement.
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