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Compliance Action, Volume 24, Number 5

September 30, 2019

Housing Reform
What the Compliance Manager Should Know

By Nancy Castiglione, CRCM

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.

Appraisal Threshold Increased for Residential Loans

By Nancy Castiglione, CRCM

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)

By Nancy Castiglione, CRCM

Complaint management is an important part of a sound compliance management program.

Action Training
Beyond Marijuana - What to Look For

By Nancy Castiglione, CRCM

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.

Compliance Calendar

In the Editor's Opinion
GAO Report: BSA Reporting Feedback

By Nancy Castiglione, CRCM

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 Notes

Compliance Q & A

Compliance Online

Nancy Castiglione
Executive 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