Compliance Action, Volume 24, Number 9
FCRA
Fair Credit Reporting Act: Reasonable Policies and Procedures
Consumer watchdog agency Bureau of Consumer Financial Protection Supervisory has put a spotlight on Fair Credit Reporting Act compliance issues in recent publications.
NCUA
NCUA Proposal on Combination Transaction Rule with Non-Credit Unions
The National Credit Union Administration wants to formalize the procedures for approving certain combination transactions between federally insured credit unions and non-credit unions.
Action Training
Credit Reports Only for a Good Reason
Staff in nearly all areas of the bank should receive training on the FCRA’s permissible purpose provisions.
CFPB
Does the Abusive Standard Require a Black Eye?
The CFPB recently issued a policy statement outlining what it takes to face an allegation of abuse under the Unfair, Deceptive or Abusive Acts or Practices (UDAAP).
In the Editor's Opinion
The Consumer in Me
To gain a clear perspective on how compliance is implemented in your bank, be on the consumer side of a transaction.
Compliance Notes
- FDIC Ag Lending Advisory
- CFPB Policy Statement on Compliance Aids
- Joint Statement on Heightened Cybersecurity Risk
Compliance Q & A
CFPB
Latest on the Redesigned URLA
In advance of the mandated effective date for the new redesigned Uniform Residential Loan Application, Fannie Mae and Freddie Mac have published the interactive (fillable) PDF versions of the new form along with supporting documents.
Compliance Online
Social Security Scam Awareness
- Editor:
- 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