Compliance Action, Volume 17, Number 7

RESPA: It Takes Two to Tango (3 Action Steps)

By Lucy Griffin

The intent of RESPA is not to prohibit profits but to set forth guidelines within business arrangements between two parties to avoid hidden or unnecessary fees.

Compliance Risk Management: New Product Development (3 Action Steps)

By Lucy Griffin

The drive for new products can push compliance to the back seat. But compliance must play an important role in the development of new products to avoid serious problems down the road.

Action Training
Product Development: Identifying Risks (Checklist)

By Lucy Griffin

An important step in new product development is considering the customer benefit and risk as well as the benefit and risk to the institution.

Compliance Notes

• FinCEN Clarifies E-filing Schedule
• Holding Companies and MSBs
• Serve Your Country?
• FRB Video on Foreclosure Relief
• 2012 Distinguished Service Award Goes to…
• Flood Insurance and Title Insurance
• What is the Consumer Financial Protection Bureau?

Compliance Calendar

In the Editor's Opinion
Got a Policy on That?

By Lucy Griffin

Examiners seem to think that it is impossible to comply with all facets of a regulation without a policy, but do policies get the job done?

Compliance Q & A

• Inclusion of Marital Status on Individual Credit Application
• Closing High Risk Accounts
• Disclosure of MLOs Unique Identifier
• Seven Year Income Reduction Lending Policy

The CFPB Speaks

Deputy Director Raj Date's speech at ABA's 2012 National Regulatory Compliance Conference left compliance managers without a great deal of optimism.