Compliance Action, Volume 24, Number 9
Consumer watchdog agency Bureau of Consumer Financial Protection Supervisory has put a spotlight on Fair Credit Reporting Act compliance issues in recent publications.
The National Credit Union Administration wants to formalize the procedures for approving certain combination transactions between federally insured credit unions and non-credit unions.
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.
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.
- FDIC Ag Lending Advisory
- CFPB Policy Statement on Compliance Aids
- Joint Statement on Heightened Cybersecurity Risk
Compliance Q & A
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.
Social Security Scam Awareness
- Nancy Castiglione, CRCM
- Editor Emeritus:
- Lucy H. Griffin, Esq.
- Board of Advisors:
- John S. Byrne, Esq.
Cliff E. Cook
Julie A. Gliha, MBA
Carl G. Pry
Robert G. Rowe, III, Esq.