Compliance Action, Volume 15, Number 6

BSA: Compliance Pays, Just Ask Wachovia (5 Action Steps)

By Lucy Griffin

This institution paid the price for failure to identify and investigate all suspicious activity.

Fair Lending: On the Front Burner (4 Action Steps)

By Lucy Griffin

Any participant in the loan-making process risks liability for discrimination that harms applicants.

Action Training
Make, Modify, or Renew: When to Give Disclosures (Chart)

By Lucy Griffin

When helping struggling borrowers with their mortgages, the lender should always consider the fair lending impact of any and all options.

Compliance Notes

• FDIC's Low-Cost Accounts
• DOJ and Fair Lending
• OTS and UDAP

Compliance Calendar

In the Editor's Opinion
Contingency Planning

By Lucy Griffin

Having a contingency plan in place when something doesn't work often falls on the compliance manager.

Compliance Q & A

• Payment Schedule Error
• Addition of Spouse for New Construction Loan on Existing Property
• Refinancing an Education Loan
• Updating GFE for 'Changed Circumstances'

Frauds Involving Reverse Mortgages Are Rising

FinCEN issues an advisory about fraud trends affecting senior-owned properties.