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Compliance Action, Volume 24, Number 7

November 27, 2019

HEMP Regulations From the USDA

By Nancy Castiglione, CRCM

The USDA has issued an interim final rule on the Establishment of a Domestic Hemp Production Program that sets forth the detailed requirements for the establishment of legal domestic hemp production. What the rule doesn't address is whether or how financial institutions can legally and safely provide banking services to hemp-related businesses.

Employment Transition of Loan Originators

By Nancy Castiglione, CRCM

Following recent amendments to the SAFE Act, the CFPB has issued an interpretive rule relating to the Regulation Z screening and training requirements for mortgage loan originators with temporary authority when they are in transition from one job to another.

Action Training
Your Mission: SCRA and Military Lending Act Refresher Training (Chart)

By Nancy Castiglione, CRCM

The Military Lending Act and the Servicemembers Civil Relief Act are similar laws in basic intent but different in most every other aspect. Refresher training for employees who are impacted by the two regulations should be part of your institution's training strategy.

Compliance Calendar

In the Editor's Opinion
The Military Consumer

By Nancy Castiglione, CRCM

Complying with the laws that were established to protect them is one of the best ways to support our military and veterans who are serving and have served our country.

Compliance Notes

Compliance Q & A

Compliance Online
USDA: Hemp Product Plans

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

Compliance Action

Bankers' Hotline

Compliance Action