Compliance Action, Volume 24, Number 5
What the Compliance Manager Should Know
Following the Administration’s proposal to reform the housing finance system and end the government’s conservatorship of FNMA and FHMLC, the Treasury Department and HUD has developed proposals that include both legislative and regulatory (administrative) recommendations government's role in the housing finance market. Some recommendations in the reform proposal are of particular interest to compliance managers.
The federal banking agencies have announced a final amendment to the Appraisal Regulations to increase the threshold for required appraisals by state certified or licensed appraisers for residential real estate transactions.
Complaints are Here to Stay
How is Your Complaint Management Program? (Checklist)
Complaint management is an important part of a sound compliance management program.
Beyond Marijuana - What to Look For
Marijuana-related businesses are garnering a lot of attention. But FinCEN has issued an Advisory alerting U.S. financial institutions to other drug trafficking schemes with red flags for banks to keep an eye out for.
In the Editor's Opinion
GAO Report: BSA Reporting Feedback
Banks often feel the burden of BSA reporting but don't see the benefits their efforts bring. A GAO report released to Congress highlights the usefulness of BSA reporting and provides recommendations for improving FinCEN’s information sharing practices relative to BSA reporting information.
Compliance Q & A
- Intent to Apply Jointly Documentation
- Garnishment Rules for SSI and SSDI
- Definition of Days for Regulation P
- Nancy Castiglione
- Executive 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.