Compliance Action, Volume 17, Number 2

Compliance & the President's Housing Plan (4 Action Steps)

By Lucy Griffin

President Obama's housing plan brings hope to responsible struggling homeowners by providing them refinancing options at lower interest rates, special forbearance measures, and more. Fortunately for us compliance folks, it provides a heat map for mortgage lending and servicing.

CRA: Implications & Opportunities in President's Housing Plan (4 Action Steps)

By Lucy Griffin

CRA has evolved from a focus on mortgage financing to address many aspects of economic development. Several components of the President's housing plan go to the core of CRA by focusing attention on neighborhoods.

Action Training
Credit Decision Notices (Chart)

By Lucy Griffin

Credit decision notices have been a large part of the lending process for years. But changes and tweaks along the way have turned these simple disclosures into complicated ones.

Compliance Notes

• Free FDIC Deposit Insurance Training
• Bernanke Goes to College
• FinCEN's Electronic Filing System
• Servicing Settlement Reached
• SAR Filing for Non-Banks
• MSB Registration Site

Compliance Calendar

In the Editor's Opinion
Balancing Responsibility

By Lucy Griffin

"If you send them, they will read them" doesn't always apply to disclosures. Lenders can prepare disclosures in the most organized, easy-to-read format possible, but the responsibility of reading them lies with consumers.

Compliance Q & A

• Insurance Disclosures
• Disclosure of Credit Reports
• Regulatory Coverage of Stored Value Cards