Compliance Action, Volume 23, Number 10/11
In the midst of regulatory turmoil, the Federal Communications Commission (FCC) is finally taking steps to create a nationwide database of reassigned phone numbers, and providing safe harbor from liability for database errors and reduced penalties for improper calls.
Review the FCC Fact Sheet summarizing the key components of the FCC's plan to combat unwanted telephone calls with updated from the final December 2018 order.
Joint agencies have issued a Garnishment Rule financial institutions must follow for garnishment orders against account holders who receive certain federal benefit payments by ACH direct deposit.
When updating policies and procedures, review these key compliance thresholds triggering coverage or exclusion from various rules and regulations.
In the Editor's Opinion
A Sincere Apology
We are deeply committed to providing you with timely and helpful regulatory compliance information, and value your continued support.
Compliance Q & A
- Loan to Purchase Mobile Home Park
- Commercial Loan for Undetermined Purpose
- Completing Demographic Information for Non-present Creditor
- Reporting Credit Score Average for Joint Applicants
- Reporting a Cashout Refinance
BSA Video for Directors
The FDIC released its updated BSA AML overview video specifically designed for Bank Directors.
- Patti Joyner Blenden
- Board of Advisors:
- John S. Byrne, Esq.
Cliff E. Cook
Julie A. Gliha
Michael D. Maher
Carl G. Pry
Susan A. Rich
Robert G. Rowe, III, Esq.