Compliance Action, Volume 11, Number 14

Red Flag Regulations: The Pros and Cons (4 Action Steps)

By Lucy Griffin

As with most anything, there are pros and cons to the proposal to implement the FACT Act's red flag rules.

BSA: Managing MSB Customers (5 Action Steps)

By Lucy Griffin

Although MSBs are well regulated by the state examiners, as with all customers, financial institutions should monitor each individual MSB customer.

Action Training: Auditing for Signature Compliance on Consumer Loans
(9 Audit Steps)

By Lucy Griffin

Violations of Regulation B's signature rules is one of the areas in most situations that trigger examiners concerns.

Compliance Notes

• Social Security Checks and Debts
• Federal Charter Preemption
• Regulation E Interim Rule Now Final
• Another Proposal on Regulation E

Compliance Calendar

In the Editor's Opinion
What's Wrong with High School Math?

By Lucy Griffin

Instead of learning useful things, math classes tend to use topics that are either esoteric or useless in the practical world.

Compliance Q & A

• Variable Rate Savings Account Rate Adjustment
• Deposit Insurance Not Affected by Transaction Limits
• Written Permission for Credit Report
• New FDIC Sign Deadline

Level CRA Playing Field?

By Lucy Griffin

In reviewing their CRA regulations, OTS decided that their playing field was not level with other banking agencies