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Compliance Action, Volume 24, Number 3

July 31, 2019

It Could be YOUR Parents or Grandparents

By Nancy Castiglione, CRCM

With special focus on reporting suspected elder financial fraud, the CFPB has issued an update to its 2016 Advisory for Financial Institutions on Preventing and Responding to Elder Financial Exploitation.

Updated FATF List of Jurisdictions with AML/CFT Deficiencies

By Nancy Castiglione, CRCM

The Financial Action Task Force (FATF) has released an updated list of jurisdictions with strategic anti-money laundering (AML) and counter-financing of terrorism (CFT) deficiencies.

CFPB’s 2018 Fair Lending Report: Clues for 2019 and Beyond

By Nancy Castiglione, CRCM

The CFPB's annual Fair Lending Report for 2018 is out. While the report primarily highlights the Bureau's activities relating to fair lending enforcement, supervision and regulation, it also provides insight into the regulator’s current and future priorities.

Action Training
Where the Online Courses End

By Nancy Castiglione, CRCM

While online training can be an efficient and cost-effective way to deliver accurate training, relying exclusively on online training courses may leave your compliance training program lacking.

Compliance Calendar

In the Editor's Opinion
If a Bank Did That...

By Nancy Castiglione, CRCM

Unfair business practices, deceptive marketing, nondisclosed terms, misleading information, and downright inaccurate advertising takes place in nearly every sector...but not everyone must adhere to the regulations banks must operate under or suffer the same consequences for failing to do so.

Referrals to the Department of Justice

By Nancy Castiglione, CRCM

The Equal Credit Opportunity Act gives regulatory agencies the authority to refer a matter to the DOJ with a civil action recommendation if the agency is unable to obtain compliance with the Act.

Compliance Q & A

FDIC Insurance
Joint Account Ownership Documentation

By Nancy Castiglione, CRCM

The FDIC has amended its deposit insurance regulation relating to the documentation requirements for joint ownership accounts that provides for an alternative method of satisfying the signed signaturee card requirements for joint accounts.

CFPB Delays Effective Date of Payday, Titled Vehicle Loan Rule

The CFPB has delayed the effective date of the Payday Rule

Compliance Online
Two Bulletins from OCC

Nancy Castiglione
Editor Emeritus:
Lucy H. Griffin, Esq
Board of Advisors:
John S. Byrne, Esq.
Cliff E. Cook
David Dickinson
Julie A. Gliha
Carl G. Pry
Susan A. Rich
Robert G. Rowe, III, Esq.
Meg Sczyrba
Andy Zavoina

Compliance Action

Bankers' Hotline

Compliance Action