Compliance Action, Volume 24, Number 3
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.
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.
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.
Where the Online Courses End
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.
In the Editor's Opinion
If a Bank Did That...
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.
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
Joint Account Ownership Documentation
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.
The CFPB has delayed the effective date of the Payday Rule
Two Bulletins from OCC
- Nancy Castiglione
- Editor Emeritus:
- Lucy H. Griffin, Esq
- Board of Advisors:
- John S. Byrne, Esq.
Cliff E. Cook
Julie A. Gliha
Carl G. Pry
Susan A. Rich
Robert G. Rowe, III, Esq.