Compliance Action, Volume 16, Number 13

The Form of Disclosure: Deposit Accounts (4 Action Steps and Link to Model Disclosure)

By Lucy Griffin

When it comes to consumer disclosures, presentation of the information can be just as important as the actual content.

The Form of Disclosure: Mortgage Loans (4 Action Steps)

By Lucy Griffin

A combined single disclosure for both Truth in Lending and RESPA has been drafted by the BCFP...and they are both looking for and need your input.

Compliance Notes

• BCFP Seeks Information About Education Loans
• Fraudulent Websites
• FinCEN Issues Guidance on International Issues
• FinCEN Updates MSB List
• Exit CAC - Enter CDIAC
• OCC Foreclosure Project Report

Compliance Calendar

In the Editor's Opinion
Disclosures v. Compliance

By Lucy Griffin

Designing disclosures more for compliance than communicating information - in a way the can consumer understand - can fail to achieve the intended goal.

Compliance Q & A

• When to Pull a New Credit Report
• Disclosures for Increased Risk
• Resending Adverse Action Notice to Correct an Error
• Considering Rental Income for Loan Repayment

When BCFP Supervision Takes Over

When an institution switchs over to BCFP supervision has been further defined by the prudential regulators.