Compliance Action, Volume 17, Number 14

Policies: What, Where, When, Why & How? (7 Action Steps)

By Lucy Griffin

Every new regulation or substantial program guidance issued by the regulatory agencies starts with policies as the foundation of a compliance program.

Action Training
Managing Policies (Chart)

By Lucy Griffin

With the myriad regulations to deal with, each with their own set of varying issues, managing policies that cover all the necessary requirements can be tricky.

Compliance Notes

• Foreclosure Assistance
• NIBTA Insurance
• Things Are Looking Up
• FFIEC Updates IT Exam Procedures
• CFPB Makes Progress Supervising Non-Banks
• After Stormageddon

Compliance Calendar

In the Editor's Opinion
When Protecting Consumers Backfires

By Lucy Griffin

When protections become too expensive, the product goes out the window consumer - and takes consumer protection right along with it.

Compliance Q & A

• Lender-Paid Mortgage Insurance Disclosures
• GFE For an Extended Rate Block
• Providing Disclosures for HELOC Workout

Credit Cards and Income: Reg Z Meets Reg B

The rule intended to protect consumers from credit they could not afford has boomeranged. The CFPB is hoping to remedy the situation with proposed revisions to Reg Z's credit card rules.